ASML Spends €100m on Buybacks While US Export Curbs Trigger 2.6% Share Drop
ASML repurchased 88k shares at an average €1,137 per share over Mar 30–Apr 2 under its Jan 28 buyback program, spending roughly €100m. Meanwhile, U.S. legislators introduced legislation to extend export controls to DUV lithography tools, sending ASML shares down 2.6%.
1. Share Buyback Transactions
ASML's current share buyback program, announced on January 28, repurchased 22,078 shares at €1,132.46 on March 30, 22,534 shares at €1,109.32 on March 31, 21,343 shares at €1,166.96 on April 1 and 22,001 shares at €1,140.56 on April 2, for a total spend of approximately €100 million.
2. Proposed US Export Controls
U.S. lawmakers introduced legislation to extend export controls to include deep ultraviolet (DUV) lithography machines, tools that Chinese semiconductor manufacturers currently purchase. The prospect of tighter restrictions drove ASML shares down 2.6%, raising concerns about revenue exposure in China.