📈 Fed's first cut since 2020: Time to buy the dip? See Tech-focused stock picksUnlock AI Picks

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

Published 09/08/2024, 01:04 AM
Updated 09/08/2024, 01:25 AM
© Reuters. FILE PHOTO: A smartphone with a displayed ASML logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
ASML
-

BEIJING (Reuters) - China is "dissatisfied" with the Dutch goverment's decision to expand export controls on ASML (AS: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."

© Reuters. FILE PHOTO: A smartphone with a displayed ASML logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

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".

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.