ASML expects China to account for ~20% of total sales this year, after Q3 sales there surged 109% QoQ, lifting China's share of machine sales from 14% to 23% (Xiaofei Xu/South China Morning Post)

ASML expects China to account for approximately 20 per cent of its total sales this year. According to reports from SCMP Tech and South China Morning Post, the company's sales to China surged 109 per cent in the third quarter compared to the previous three months. This growth increased China's share of ASML's machine sales to 23 per cent, up from 14 per cent in the second quarter.

These results come as Dutch Prime Minister Rob Jetten faces pressure from Washington to tighten restrictions on the sale of chipmaking machines to China. South China Morning Post reports that Jetten expressed confidence in reaching an agreement with the United States regarding the proposed Match Act, which seeks to further restrict exports of less advanced lithography machines. Additionally, sources told the South China Morning Post that Jetten is scheduled to visit China next spring.

Despite geopolitical challenges, ASML raised the lower end of its full-year 2026 sales guidance to €44 billion (US$49.25 billion). The company also set its gross margin forecast at approximately 56 per cent, which is the upper end of its previous range.

Brief written by urgent.news from Techmeme, SCMP Tech, South China Morning Post — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.