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Dutch Encouraged to Stall Chip-Making Equipment Exports to China, WSJ Reports

(AF) The US is pressuring the Netherlands to prevent the sale of key semiconductor-manufacturing equipment to China on concern the communist nation would use it to threaten American security, the Wall Street Journal has reported.

ASML Holding makes extreme ultraviolet lithography systems but China’s application for an export license to buy them has been held back by the Hague at the request of the White House, the report states. China is seeking to build its own chip-making capabilities as US sanctions prevent it from buying the devices from leading suppliers in Taiwan and South Korea.    

Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.

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