The MATCH Act Could Blow a Hole in ASML's Revenue. Here's What Investors Need to Know.
The MATCH Act could impact ASML's revenue by restricting sales of its equipment to China through third-party countries. ASML has a significant backlog from serving companies tied to the U.S. and its allies, and forecasts 16% revenue growth for 2026.
The Multilateral Alignment of Technology Controls on Hardware (MATCH) Act is a bipartisan bill that seeks to impose stricter export controls on equipment used to manufacture cutting-edge chips. ASML, a Netherlands-based company, is the only manufacturer of extreme ultraviolet lithography (EUV) equipment used by TSMC, Intel, and Samsung. The MATCH Act would prohibit equipment sales to countries under sales restrictions, such as China, through third-party countries. ASML has a considerable backlog from serving companies tied to the U.S. and its allies, with a compound annual growth rate for the AI chip industry estimated at 28% through 2035. The company's revenue grew by 16% in 2025 and is forecasted to grow by 16% again in 2026. ASML's backlog stood at 38.8 billion euros ($45.7 billion) as of the end of 2025.
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