The Netherlands and the US are negotiating new Chinese export bans

Minister Liesje Schreinemacher The Netherlands and the U.S. are in talks on more restrictions on exports of chip technology to China, it confirmed.

U.S. officials recently visited the Netherlands, insiders told Bloomberg New Export Ban Discuss ASML. Meanwhile, Minister Liesje Schreinmaker (Foreign Trade and Development Cooperation) has confirmed that the Dutch and US governments are discussing the matter.

In 2018, the US government called on the Netherlands to restrict ASML exports to China. Since then, ASML has not been allowed to sell EUV machines to the Chinese authorities.

ASML is one of the largest chip companies in the world. EUV machines are the most advanced systems in the range. Machines help companies produce chips. By banning exports, the US is trying to limit China’s economic and military growth.

Recently available to US companies With new trade barriers To prepare, preparation. In addition to restrictions on domestic businesses, the US government is pushing for international sanctions. The US wants the Netherlands to extend its export ban on EUV machines to less advanced systems.

National security

Schreinemacher shared the news with reporters in Brussels. The minister said that the government is considering the interests of the Netherlands. Schreinmaker added that the value of national security cannot be overstated.

ASML systems are manufactured in Europe. The head office is located in Veldhoven. The US cannot ban this system, but the Dutch cabinet can.

US Commerce Secretary Gina Raimondo recently announced that the US expects allies like the Netherlands to follow suit.

China and the Netherlands

In 2021, ASML sold more than 2 billion euros worth of equipment to China, accounting for nearly 16 percent of global revenue. On November 11 ASML CEO Peter Wennink told investors the company is not concerned about additional export restrictions.

At the most recent G20 summit in Bali, Chinese President Xi Jinping called on Prime Minister Mark Rudd to oppose the “politicization” of economic issues.