Semiconductors

Netherlands to Consult Japan, Taiwan on US-China Chip Curbs

 

The top Dutch trade official said the Netherlands will not summarily accept new US restrictions on exporting chip-making technology to China, and is consulting with European and Asian allies.

Trade Minister Liesje Schreinemacher spoke on Sunday on the television show Buitenhof ahead of a visit to the US by Dutch Prime Minister Mark Rutte on Tuesday, when he is expected to discuss export policy with President Joe Biden.

The Netherlands’ largest company, ASML Holding, is a key supplier to semiconductor equipment makers.

 

Also on AF: ASML’s Taiwan Expansion Signals Chip Sector’s Next Big Leap

 

The Dutch government has denied ASML permission to ship its most advanced machines to China since 2019 following a campaign by the Trump administration, but ASML did sell 2 billion euros worth of older machines to China in 2021.

The US in October adopted measures aimed at hobbling China’s ability to make its own chips, and US trade officials said at the time they expected the Netherlands and Japan to implement similar rules soon.

ASML has said that the US rules could impact roughly 5% of its group sales.

Schreinemacher said the US had “justified worries” about over-reliance on Asia, where 80% of advanced chips are made, and the threat that they could wind up in a military application or being used against the Netherlands.

“We’ve been talking with the Americans for a long time but they came up with new rules in October, so that changes the playing field,” said Schreinemacher. “So you can’t say that they’ve been pressuring us for two years and now we have to sign on the dotted line. And we won’t.”

She said the Netherlands is also talking with Japan, South Korea, Taiwan, Germany and France.

She underlined that Germany has an economic interest as it is a key supplier to ASML and to “ensure that if we put a certain technology on a list of products that can’t be easily exported, that other countries do too.”

 

  • Reuters, with additional editing by Vishakha Saxena

 

Also read:

US Chipmakers Selling Advanced Chips to China: ASML Chief

Japan, US Say China ‘Greatest’ Challenge, to Mull Chip Curbs

China Gambles on Graphene to Win the Global Microchip War

Key Chip Supplier ASML Says No Hit From US China Sanctions

 

 

Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at vishakha.saxena@asiafinancial.com

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