Why it matters: ASML is the largest manufacturer of photolithography machines, designed for etching intricate circuits onto silicon wafers to create advanced computer chips. It stands as the most highly valued European tech company, boasting a market capitalization of nearly $400 billion. Additionally, ASML represents one of the major business ventures in the Netherlands' economy.
Why it matters: After USA-based manufacturers, Dutch and Japanese companies are now preparing a harsher ban on technology exports to China. The Asian country won't have access to any of the machinery needed to make high-performance microchips.