Dutch curb chip equipment exports amid US pressure

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Dutch curb chip equipment exports amid US pressure
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AMSTERDAM : The Dutch government on Friday announced new rules restricting exports of certain advanced semiconductor equipment, a move that comes amid U.S. pressure on its allies to curb sales of high-tech components to China.'We have taken this step in the interest of our national security' said Trade Mi

AMSTERDAM : The Dutch government on Friday announced new rules restricting exports of certain advanced semiconductor equipment, a move that comes amid U.S. pressure on its allies to curb sales of high-tech components to China.

ASML, a Dutch company that is a key equipment supplier to computer chip makers, said in reaction it would not change its financial guidance as a result of the new rules. It named its 2000 series"and subsequent" models and said it did not expect the rules to have a material impact on its financial forecasts. ASML's most advanced EUV machines have never been shipped to China.

China decried the move, part of a heightening of tensions between the two countries that has spanned everything from 5G equipment and alleged spy balloons to relations over Taiwan.Schreinemacher said she expected about 20 licence applications on an annual basis, representing a"limited part of the total product portfolio of the companies that fall under this rule".

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