ASML CFO Says US Match Act Limiting DUV Sales to China Would Be Counterproductive

3-line summary

• ASML CFO Roger Dassen told reporters on a call following Q3 earnings that he opposes the proposed US Match Act, which would restrict sales of DUV lithography equipment to China, calling it a bad idea, according to a Reuters report cited by Investing.com.
• Dassen argued that if the Match Act passes after the US midterm elections, it would accelerate China's development of its own lithography technology. He said he is "optimistic that common sense will prevail."

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