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Comment by devy | Hacker News Reader

Because ASML uses lots of technologies and IPs originated from the U.S., consequently is subject to export control & entity list restrictions.

Semiconductor industries has been growing into a very tightly coupled and globalized eco-systems these days. No one country can own or domesticate the entire ecosystem or supply chains, albeit companies headquarters in the U.S. still own a significant portion of the technologies and intellectual properties.

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This tight global integration is why US sanctions policy is so disruptive. The US is asserting the right to tell European, Japanese, Korean and Taiwanese companies who they can do business with, based on those companies' connection to the US economy. Use of American-designed software, interactions with a US bank, engagement in dollar-denominated transactions, etc. can all put a company under American jurisdiction.

It will be interesting to see if European countries begin to try to push back against this policy. Imposition of American sanctions against Iran on European companies have already caused a good deal of consternation in Europe. But so far, the EU has been too fractured to do anything serious about it.

"We" give them the right, USA cannot stop a bank transacting with X or X company in Iran, Cuba, etc. but since USA owns the USD they can block these banks from using/clearing USD which is a lethal blow for a bank. But if USA gets on the wrong side of this and countries start phasing out $ and start favouring € (this is a 50 year process btw) then USA will have an empty threat in its hands. And I do know that there many connecting points/sanctions that can be imposed, not just the currency.

It's supposed to cause consternation because even the UN has declared Iran a state sponsor of terrorism for the last fifty years and nobody in the EU should even be considering doing business with them.

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