ASML Holding declines as U.S. pushes company to stop selling in China: report
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ASML Holdings (NASDAQ:ASML) fell more than 7% on Tuesday after Bloomberg reported that the U.S. government is trying to get the semiconductor equipment company to stop selling its tools to China.
The news outlet, citing people familiar with the matter, reported that American officials are lobbying Dutch officials to have ASML (ASML) stop selling some of its older deep ultraviolet lithography systems.
Currently, ASML (ASML) is unable to ship its extreme ultraviolet lithography systems to China, as it has been unable to obtain an export license from the Dutch government.
Last month, Taiwan Semiconductor Manufacturing (TSM) executives said that the company would have access to ASML's (ASML) high-NA extreme ultraviolet advanced chipmaking tool in 2024. 
ASML (ASML) did not immediately respond to a request for comment from Seeking Alpha, but a company spokesman told Bloomberg that the discussion is "not new" and no decisions have been made.
In December, it was reported that the Biden administration was evaluating imposing tougher sanctions on China's largest chipmaker Semiconductor Manufacturing International Corp., which have limited the ability of chip equipment companies to sell inside the country.
Last month, it was reported that hedge fund Bridgewater Associates has a $1B short position against chip manufacturer ASML Holdings (ASML) as part of a larger $5.7B bet against European stocks.