The U.S. imposed semiconductor export controls on China. Now a key EU nation is set to follow suit
Publishing timestamp: 2023-03-09 09:45:35
Summary
The Dutch government is expanding its export control framework for specific equipment used for the manufacture of semiconductors, following pressure from the US to prevent China from accessing the most advanced chip technology. ASML, one of the world's top manufacturers of machines that make semiconductors, will need to apply for a license to export its immersion deep ultraviolet lithography machine, which is used to manufacture memory chips. The move is seen as significant for President Joe Biden, as the US seeks to get the EU to side with its policies towards China.
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Tickers: ASML-NL,
Keywords: joe biden, china, united states, beijing, trade, asml holding nv, politics, business news, europe news,