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China accounts for nearly half of ASML’s Q2 revenue despite Dutch export restrictions
ASML, the Dutch semiconductor equipment manufacturer, announced on Wednesday its financial results for the second quarter, revealing sales of 6.24 billion euros ($6.82 billion), which surpassed the company's expectations. This figure, however, marks a decline in overall net sales compared to the same period last year. The report highlights the ongoing challenges posed by geopolitical uncertainties and restrictions on chip-related exports from the Netherlands to China. Despite these obstacles, ASML continues to experience strong demand for its products, indicating resilience in the face of external pressures.
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