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dutch prime minister's statement on chip equipment exports to china: weighing benefits and risks

2024-09-02

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regarding whether to further restrict the export of dutch semiconductor equipment manufacturer asml to china, dutch prime minister dick schofe recently said that when making a decision,the dutch government will consider asml's economic interests and weigh the benefits and risksasml is a very important innovative industry for the netherlands and should not suffer any losses under any circumstances.

mainland china is reportedly asml's third largest market, with local customers accounting for about 20% of asml's current undelivered orders.

bloomberg news reported on august 29 that the netherlands plans to impose more restrictions on asml's chip business in china.

according to previous regulations of the dutch government, asml must obtain a license for the export of high-end products. in october 2023, the united states began to unilaterally block the export of some of asml's mid-range equipment, which aroused doubts from the dutch parliament. asml ceo christophe fouquet also opposed the us restrictions on asml's exports to china, saying that doing so was unwise and would hurt the west's own interests.

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