[ad_1]
AMSTERDAM/WASHINGTON, March 8 (Reuters) – The Dutch government said on Wednesday it plans to limit exports of semiconductor technology to protect national security, following last year’s move by the U.S. to limit exports of chips to China.
The move followed months of talks between the Netherlands, the United States and Japan, as Washington tried to get China to adopt restrictions similar to those introduced in October by allies aimed at slowing China’s semiconductor manufacturing and military growth.
Dutch Trade Minister Lisje Schreynemacher announced the decision in a letter to parliament, saying the restrictions would be introduced before the start of winter.
The letter did not name China, a major supplier to semiconductor manufacturers, a key Dutch trading partner, or ASML Holding NV ( ASML.AS ), but both would be affected. He named an important ASML technology known as “DUV” lithography used to manufacture computer chips.
Latest updates
See 2 more stories
“The Cabinet will introduce a national list as the Netherlands considers it necessary for national security to control this technology at a high speed,” the letter said.
ASML said it expects to have to apply for a license to export the bulk of its DUV machines, but that won’t affect its 2023 financial guidance.
It said it expects sales in China to be flat at 2.2 billion euros in 2023 – as it expects relative sales to grow by 25 percent.
ASML has never sold more advanced “EUV” machines to customers in China.
Reporting by Toby Stirling; Editing by Mark Potter, Anna Driver and Mark Porter
Our standards: The Thomson Reuters Trust Principles.
[ad_2]
Source link