The U.S. government announced updated export regulations on Monday, including new restrictions on semiconductor equipment applications to China.

ASM’s larger peer ASML has also said the new restrictions were unlikely to impact its most recent financial guidance.

These statements suggest that the latest regulatory changes, which include limitations on the delivery of high-bandwidth memory chips to China, are unlikely to cause significant shifts in the strategic direction or financial targets of major semiconductor industry players in Europe.

The package also introduces new restrictions on chip-manufacturing tools and software, and new export controls on equipment production in countries such as Singapore and Malaysia.

“Export control regulations are also expected to impact other segments and equipment categories in which our company is not active, and as such there could be an indirect impact to ASM,” the company said in a statement.

ASM reaffirmed its revenue goal of between 3.2 billion and 3.6 billion euros ($3.4 billion and $3.8 billion) for 2025.

The U.S. government announced updated export regulations on Monday, including new restrictions on semiconductor equipment applications to China.

ASM’s larger peer ASML has also said the new restrictions were unlikely to impact its most recent financial guidance.

These statements suggest that the latest regulatory changes, which include limitations on the delivery of high-bandwidth memory chips to China, are unlikely to cause significant shifts in the strategic direction or financial targets of major semiconductor industry players in Europe.

The package also introduces new restrictions on chip-manufacturing tools and software, and new export controls on equipment production in countries such as Singapore and Malaysia.

“Export control regulations are also expected to impact other segments and equipment categories in which our company is not active, and as such there could be an indirect impact to ASM,” the company said in a statement.

ASM reaffirmed its revenue goal of between 3.2 billion and 3.6 billion euros ($3.4 billion and $3.8 billion) for 2025.