ASML says can ship restricted chip equipment to China until end of year
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Dutch semiconductor equipment company ASML Holding (NASDAQ:ASML) said on Thursday that it can ship chip equipment machines to China until the end of the year amid export curbs from the country.
The company is allowed to fulfill previous contractual obligations with Chinese customers, despite export controls put in place from the Dutch government that start September 1, Bloomberg reported, citing an ASML spokesperson.
The ASML spokesperson added that the semiconductor equipment company does not expect to get export licenses to ship three advanced immersion deep ultraviolet lithography models to China, starting in January.
Both Netherlands and Japan have joined the U.S. in curb exports of certain semiconductors and chipmaking equipment to China, amid national security concerns. 
Under the Netherlands export control rules, it expects 24 permits to be applied for once and 20 permits on an annual basis.
Late last year, ASML (ASML) CEO Peter Wennink said if Chinese semiconductor companies were not able to expand capacity past current metrics, it would not alter the chip equipment firm's outlook for 2030 "that much."
ASML (ASML) shares fell 1.5% in mid-day trading on Thursday, while other chip equipment suppliers, such as Applied Materials (AMAT), Lam Research (LRCX) and KLA Corp. (KLAC) were higher on the session.

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