Signs of a new phase in US-China tech wars emerged as Biden admin plans 'most severe trade restrictions' targeting ASML, impacting high-tech equipment crucial for China's chip industry.
Despite not directly selling to China, ASML gets half its revenue from there. US restrictions may harm rather than contain China's tech advancements, posing risks for Western companies.
Biden's measures could force Chinese firms to seek alternative tech sources from a limited market, impacting ASML's customer base and sales strategies.
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