Jan. 19 at 4:03 PM
Shares of ASML and other European semiconductor companies fell amid growing fears of a trade war between the European Union and the United States. The decline followed President Donald Trump’s threat to impose 10% tariffs on eight NATO countries starting Feb. 1, potentially rising to 25% by June, over the dispute involving Greenland.
ASML, Europe’s most critical exporter of advanced chipmaking equipment and a near-monopoly supplier of lithography machines, is seen as particularly exposed. Higher tariffs on its products could raise costs for U.S. chipmakers such as Intel and Micron, as well as for foreign firms investing in U.S.-based semiconductor facilities, weighing on the broader chip sector.
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