Netherlands and the US deal against China
2022.12.08 05:23
Netherlands and the US deal against China
Budrigannews.com – According to sources familiar with the situation, Bloomberg News reported on Wednesday that Dutch officials are planning to implement new restrictions on the export of chip-making equipment to China.
Earlier this month, Dutch Trade Minister Liesje Schreinemacher stated that the Netherlands was in talks with the U.S. government regarding new export restrictions for semiconductor equipment to China. The report comes after Schreinemacher’s statement.
Since 2018, the Dutch government has refused to issue licenses to the country’s largest semiconductor equipment manufacturer, ASML Holdings NV, to ship its most advanced machines to China because they are deemed “dual use” and have the potential to be used in the military. This decision was made in response to pressure from the United States.
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With sales to Chinese customers totaling more than 2.1 billion euros in 2021, ASML is a major manufacturer of semiconductor equipment.
As per Bloomberg, an arrangement in regards to the Dutch controls on chip products could come when one month from now, adding that it was muddled what the new limitations would mean for ASML’s deals to China.
According to the Dutch statistics office CBS, China is the Netherlands’ second-largest trade partner after Germany.
At the beginning of October, the Biden administration released a comprehensive set of export controls, one of which prohibits certain semiconductor chips manufactured anywhere in the world using U.S. tools from entering China.
The National Security Council of the White House and the Dutch Ministry of Foreign Affairs declined to comment.
