The Netherlands joined the US’ effort to curb chip exports to China. Read more at straitstimes.com.
AMSTERDAM/WASHINGTON - The Netherlands’ government on Wednesday said it plans new restrictions on exports of semiconductor technology to protect national security, joining the United States’ effort to curb chip exports to China.sweeping export restrictions on shipments of American chipmaking tools to China,
Her letter did not name China, a key Dutch trading partner, nor did it name ASML Holding NV, Europe’s largest tech firm and a major supplier to semiconductor manufacturers, but both will be affected. ASML said in a response it expects to have to apply for licenses to export the most advanced segment among its DUV machines, but that would not impact its 2023 financial guidance.
Major ASML customers such as Taiwan Semiconductor Manufacturing Co and Intel are engaged in capacity expansions.
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