ASML Schedules AGM for April 23, 2025, Nominates Karien van Gennip as New Board Member Amid 36% Sales Decline Due to Export Controls

ASML has announced its agenda for the Annual General Meeting (AGM) scheduled for April 23, 2025, at 10:00 CET, where Karien van Gennip is nominated as a new board member. In its annual report, the company highlighted that export controls, macroeconomic uncertainty, and technological sovereignty issues have led to a decline in customer spending, particularly affecting Chinese entities, which accounted for 36% of ASML's sales last year. CEO Christophe Fouquet emphasized that lithography technology remains essential for future growth, particularly as the industry shifts towards 3D integration to address challenges associated with 2D shrinkage. The report indicates that these factors have contributed to a cautious outlook for capital expenditures in 2024.