China and tariffs have wiped off $130 billion from critical chip firm ASML since peak value

An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background. More than $130 billion of value has been wiped off of ASML in under a year amid restrictions on exports to China and U.S. tariff uncertainty Shares of ASML, which is seen as a critical cog in the semiconductor supply chain, hit a record high of over 1,000 euros a piece in July last year for a market capitalization of $429.5 billion, according to data from S&P Capital IQ. That fell to just under $297 billion at the Tuesday close price. Semiconductor stocks have been volatile since last year due to tightening U.S. chip export restrictions to China and U.S. President Donald Trump's threat of tariffs on the sector since he took office. ASML and other European semiconductor firms have felt the heat. "All the equipment manufacturers in the space have come down because they are concentrating all the fears around … the U.S. restrictions to China," Stephane Houri, head of equity research at ODDO BHF, ... Read full article.