Shares of semiconductor equipment maker ASML Holding NV (ASML) are trading lower Tuesday morning on a Bloomberg report that President Biden has requested the company to halt chip shipments to China. The cancellation could comprise an estimated 50% of the company's business sales. Yahoo Finance's Madison Mills and Seana Smith analyze the implications if ASML were to withdraw from this crucial market amid geopolitical tensions weighing on global computer chip distributors. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Shares of semiconductor equipment maker ASML Holding NV (ASML) are trading lower Tuesday morning on a Bloomberg report that President Biden has requested the company to halt chip shipments to China. The cancellation could comprise an estimated 50% of the company's business sales.
Yahoo Finance's Madison Mills and Seana Smith analyze the implications if ASML were to withdraw from this crucial market amid geopolitical tensions weighing on global computer chip distributors.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Benzinga
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