ASML extends sales deal with Chinese chipmaker SMIC to end of 2021

"ASML Holding NV has extended a deal to sell chip manufacturing equipment to Semiconductor Manufacturing International Corp, China’s largest chipmaker, until the end of this year, the Dutch company said in a statement on Wednesday.
ASML made the statement after SMIC on Wednesday disclosed a volume purchase agreement under which it has already spent $1.2 billion with the toolmaker. In a clarifying statement issued several hours later, ASML said the agreement began in 2018 and was slated to expire at the end of 2020, but the two companies agreed in February to extend the deal to the end of this year."

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