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ASML Holding N.V. (NASDAQ:ASML) is among the Best Semiconductor Stocks.

On June 19, Reuters reported that ASML Holding N.V. (NASDAQ:ASML) denied ever shipping an EUV lithography machine to China after concerns raised by US officials. The company said in an emailed statement it had "never shipped an EUV machine to China nor have we shipped to China any component, ​module, or equipment specially designed to be used in an EUV machine."

Reuters cited Bloomberg reporting that U.S. Commerce Secretary Howard Lutnick raised concerns that an EUV tool may have reached China in violation of export restrictions. ASML Holding N.V. (NASDAQ:ASML) said it "consistently adjusted its business" to comply with evolving controls.

Separately, the Dutch Ministry of Foreign Affairs said exports require licenses under strict rules and enforcement. Reuters also pointed out that Washington proposed legislation in April, urging allies to align export controls, with equipment made by the semiconductor firm named in the legislation. Earlier reporting noted Chinese efforts to develop domestic EUV technology.

ASML Holding N.V. (NASDAQ:ASML) engages in the development, production, marketing, sales, upgrading and servicing of advanced semiconductor equipment systems. It includes lithography, metrology and inspection systems.

While we acknowledge the potential of ASML as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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