The Netherlands wants to restrict the export of semiconductor technology. The cabinet in The Hague announced on Wednesday that this is for reasons of national security. With this, the Netherlands is responding to requests from the US to limit the export of technology to China.
The decision followed months of discussions between the Netherlands, the US and Japan. The Washington government’s goal is to find allies for similar restrictions on trade with China to those introduced in the United States last October.
Minister of Trade Liesje Schreinemacher announces in a letter to Parliament that the export restrictions will be introduced before the summer. Neither China nor ASML Holding NV, a leading supplier to semiconductor manufacturers, were mentioned in the document. However, according to the letter, a key chip manufacturing technology developed by ASML, known as DUV lithography, will be embargoed. According to ASML, it has not yet sold its most modern “EUV” machines to China.
ASML expects to have to apply for export licenses for the most modern machines in the future. However, this will hardly affect the forecast for business development this year. The chip machine maker expects turnover in China to remain about the same at 2.2 billion euros in 2023. However, this means that business in China is falling short of expectations for developments in other countries, as ASML aims to increase total sales by 25 percent this year.
Source: Krone
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