Almost a year after the Netherlands introduced export controls on advanced semiconductor equipment — urged on by Washington — the country’s most important chip company is doing more business in China than ever.
ASML’s latest results, released last month, show China has been its single biggest customer for the last four quarters, with almost half of the company’s 11.5 billion euros ($12.5 billion) sales shipped there so far in 2024.
Eindhoven-based ASML is the world’s only
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In January, the arrest of a Chinese national in the Philippines led to the unravelling of an alleged espionage operation coordinated from Beijing. In an excerpt from their upcoming book, The Great Heist, David R. Shedd and Andrew Badger look at the Manila “spy ring” and its possible connection to China’s hypersonic missile program.
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