• SPX
  • $5,859.85
  • 0.77 %
  • $44.82
  • DJI
  • $43,065.22
  • 0.47 %
  • $201.36
  • N225
  • $39,993.22
  • 0.98 %
  • $387.49
  • FTSE
  • $8,292.66
  • 0.47 %
  • $39.01
  • IXIC
  • $18,502.69
  • 0.87 %
  • $159.75

China says "dissatisfied" with new Dutch export controls on ASML chipmaking tools

By Reuters   |   Sep 8, 2024 at 01:23 AM EST
China says "dissatisfied" with new Dutch export controls on ASML chipmaking tools

BEIJING (Reuters) - China is "dissatisfied" with the Dutch goverment's decision to expand export controls on ASML chipmaking equipment, the Chinese commerce ministry said in a statement on Sunday.

The Dutch government on Friday said it would expand export licensing requirements for ASML's 1970i and 1980i DUV (Deep Ultraviolet) immersion lithography tools, aligning its rules with export restrictions on these machines unilaterally imposed by the United States last year.

Beijing has repeatedly criticised Washington's strategy of pressuring allies like the Netherlands and Japan to join export controls targeting Chinese access to cutting-edge chips and chipmaking equipment.

"In recent years, in order to maintain its global hegemony, the United States has continued to ... coerce certain countries to tighten export control measures for semiconductors and (related) equipment ... China is resolutely opposed to this," China's commerce ministry said in response to the Dutch government's announcement on Friday.

The ministry added that the Dutch side should not abuse export controls, avoid measures that damage Sino-Dutch cooperation in semiconductors, and safeguard the "common interests of Chinese and Dutch enterprises."

U.S. lobbying has effectively stopped ASML, the world's biggest vendor of chipmaking equipment, from exporting its most advanced lithography systems to China.

Dutch Trade Minister Reinette Klever said on Friday the decision was made "for our safety".

(Reporting by Eduardo Baptista; Editing by Sonali Paul)

Did you find this insightful?


We are preparing, please wait

×
New Alert

Select an alert type

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.

New Alert

Setup alert

×

Premium Content

This content is only available for premium members. Please become a paid member to access.

Download App

Currently, memberships can only be purchased through the app.

×

Log In


or

download app using google store Continue with Google download app using apple Continue with Apple

Email Verification

An email with a verification code has been sent to your email address.

Welcome to StockNews!

Create Your Account

Email Verification

An email with a verification code has been sent to your email address.