Home Stocks China says “dissatisfied” with new Dutch export controls on ASML chipmaking instruments By Reuters

China says “dissatisfied” with new Dutch export controls on ASML chipmaking instruments By Reuters

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China says “dissatisfied” with new Dutch export controls on ASML chipmaking instruments By Reuters

BEIJING (Reuters) – China is “dissatisfied” with the Dutch goverment’s resolution to broaden export controls on ASML (AS:) chipmaking tools, the Chinese language commerce ministry mentioned in a press release on Sunday.

The Dutch authorities on Friday mentioned it will broaden export licensing necessities for ASML’s 1970i and 1980i DUV (Deep Ultraviolet) immersion lithography instruments, aligning its guidelines with export restrictions on these machines unilaterally imposed by the USA final yr.

Beijing has repeatedly criticised Washington’s technique of pressuring allies just like the Netherlands and Japan to hitch export controls focusing on Chinese language entry to cutting-edge chips and chipmaking tools.

“Lately, with the intention to keep its international hegemony, the USA has continued to … coerce sure nations to tighten export management measures for semiconductors and (associated) tools … China is resolutely against this,” China’s commerce ministry mentioned in response to the Dutch authorities’s announcement on Friday.

The ministry added that the Dutch aspect shouldn’t abuse export controls, keep away from measures that harm Sino-Dutch cooperation in semiconductors, and safeguard the “widespread pursuits of Chinese language 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 successfully stopped ASML, the world’s greatest vendor of chipmaking tools, from exporting its most superior lithography techniques to China.

Dutch Commerce Minister Reinette Klever mentioned on Friday the choice was made “for our security”.