Carl Zeiss SMT GmbH

ASML acquired 24.9% of Carl Zeiss SMT Holding on 2017-06-29 as part of the 2016 High-NA partnership; the balance sits with Carl Zeiss AG, whose sole shareholder is the Carl Zeiss Stiftung. There is no listed equity and no state holder: the foundation structure means SMT cannot be acquired, and the customer owns a blocking-relevant minority of its own sole supplier.

Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 1 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.

Every exposure is read as a buyer dependency; the top 2 are its binding chokepoints.

Dossier discloses a neodymium exposure with no Dy/Tb/Sm tag and a sector where doping is not the rule — whether this company's magnets are Dy/Tb-doped is not on record. Resolved by a disclosed magnet grade, or a named magnet supplier in named_counterparties.

A61's suspension (Announcement 70) lapses 10 Nov 2026 — on the plain text, controls revive automatically. The US DoD CN/RU/IR/KP sourcing bar follows 1 Jan 2027. See the underlying extraterritorial export-control action. We supply the provenance file; we never compute your ratio for you.

As a buyer, policy pressure across its consumed materials is flat.

Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.

🇪🇺 EU accounts for 100% of severity-weighted pressure.