Japan is a major supplier of machines used to make leading-edge semiconductors that could come under new restrictions

Europe’s largest technology company said the measures were not expected to have a material impact on its 2023 financial forecasts

Netherlands-based ASML Holding, a key supplier to chipmakers, could see at least some of its $2.4 billion in annual sales to China affected by fresh curbs

The Netherlands will restrict ASML from selling advanced chimaking equipment to China, while Japan would impose similar restrictions on Nikon Corp, media reports said

If the two sides can agree on the details, a deal could be announced as soon as Friday, two sources have said

China was among the biggest markets in 2022 for Europe's largest technology company, as it beat analyst forecasts to report fourth-quarter net profit of 1.82 billion euros ($2 billion)

Washington had expected the Netherlands to follow suit after it imposed China export restrictions on its own chip equipment companies last year but The Hague is drafting up its own response

The second-largest chipmaker in China after SMIC, Hua Hong will produce 300mm (12-inch) semiconductor wafers at the factory

Taiwan’s Economy Ministry said that while Foxconn had breached regulations, there was no concern about an ‘outflow of technology’

Macau has been a Special Administrative Region of China since 1999 when its Portuguese administration returned it to Chinese sovereignty

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors

A top Dutch official said the US had 'justified worries' about over-reliance on Asia but the country 'won't sign on the dotted line' without consulting its allies