The chip competition between the US and China is quite tight. USAbased in the Netherlands ASML of the company Export to China banned from doing so. ASML, on the other hand, has locked down production worldwide because it plays a critical role in the production of chip machines. Finally, the Dutch government stepped in.
Netherlands and ASML to negotiate with US on Chinese exports
Dutch Prime Minister Mark Rutte said the government would protect ASML, which produces chip machines. In this context, the US Exports to China He stated that they could overcome the restrictions imposed on them. He stated that they had to look after the economic interests of the company and the country.
ASML is the world’s largest supplier of lithography systems, which are used to map small circuits on semiconductors, and Chinese companies represent about 20 percent of ASML’s order pipeline, making China a significant market.
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But exporting the most advanced equipment to China raises national security concerns, as the Chinese government is likely to use the equipment for the country’s military technology. The US has imposed restrictions on exports of some ASML vehicles to China due to such risks.
Prime Minister Rutte underlined that ASML is an extremely important and innovative company for the Netherlands. Accordingly, he said that its global success should not be harmed by China. He said that the government is holding talks with ASML to balance these issues.
Further tightening of restrictions on ASML could lead to Chinese chipmakers shifting to alternative products, which would both increase chip prices and disrupt production. It is unclear whether the US will ease these restrictions.