ASML

US tariff plans are intensifying pressure on Europe, with Germany warning of recession risks if trade tensions escalate. The Netherlands is not facing broad US sanctions, but it remains exposed to fallout through ASML export controls, ICC-related measures and weaker trade flows across the region.

ASML is joining forces with major European tech companies to push for stronger EU semiconductor policies, warning that Europe’s limited share of its sales is a “huge red flag.”

TSMC posted record first‑quarter profits in 2026, driven by relentless global demand for AI chips. The world’s largest advanced‑chip manufacturer raised its full‑year outlook and said the Middle East conflict has not disrupted its supply chain or slowed investment in AI infrastructure.

ASML has lifted its revenue forecast for 2026, citing strong demand driven by investments in artificial intelligence infrastructure. The chip machine maker says customers are expanding capacity, even as possible new export restrictions remain under discussion.

US lawmakers have introduced the MATCH Act, a bipartisan bill designed to force allies like the Netherlands to align their export rules with strict American standards. The legislation specifically targets Dutch chipmaker ASML, aiming to block the sale and maintenance of even older "workhorse" DUV (deep ultraviolet) machines to China. By threatening to restrict the supply of vital US-made components, the bill seeks to close perceived loopholes and ensure that international partners move in lockstep with Washington to limit China’s semiconductor and AI capabilities.

Former ASML CEO Peter Wennink and KPN CEO Joost Farwerck warn that the Netherlands’ digital infrastructure is falling behind. They argue that rapid technological developments demand new investment, European collaboration, and government procurement that values digital sovereignty.

Prime Minister Rob Jetten has met with ASML CEO Christophe Fouquet to discuss the future of the Dutch semiconductor industry. The talks focused on maintaining a world-class business climate and the strategic importance of the Eindhoven region.

European chip stocks declined after Google unveiled a new technology that could reduce demand for memory. Despite this, broader markets in Amsterdam and across Europe ended the day higher. Oil prices and geopolitical tensions also remained in focus.