ASML sees a recovery in the chip market and says Chinese export controls are not hurting business

ASML

Holding, a critical supplier to the global chip industry, said Wednesday it expects revenue growth of more than 25% this year despite uncertainty in the semiconductor industry amid US efforts to restrict China’s access to high-end technology.

The Dutch company ASML (ticker: ASML) supplies the “lithography” machines essential for semiconductor manufacturing, with customers such as

Taiwanese semiconductor manufacturing

(TSM),

Samsung electronics

(005930. Korea), and

Intel

(INTC).