Netherlands Blocks ASML's Exports of Some Chip-Making Equipment to China -- Update
02 January 2024 - 8:36PM
Dow Jones News
By Sherry Qin
Netherlands has blocked chip-equipment manufacturer ASML's
exports to China of some lithography systems, which are essential
to making advanced microprocessors, in a partial license revocation
following U.S. export restrictions.
The Netherlands-based company said Monday that the Dutch
government recently partially revoked an export license for
shipping the NXT:2050i and NXT:2100i lithography systems to China
in 2023.
Dutch semiconductor companies have had to seek government
permission since September before they can sell some advanced types
of chip-making equipment abroad, the Dutch government said in June.
The rule came after national-security officials from the
Netherlands, Japan and the U.S. reached an agreement to start
restricting such exports, aiming at limiting China's access to
advanced semiconductor technologies.
The chip-equipment maker had previously said it could ship
restricted chip-making equipment to China until the end of 2023
despite the rule, according to media reports.
ASML specializes in photolithography, the process of using light
to print on photosensitive surfaces, a process key to chip
makers.
"We do not expect the current revocation of our export license
or the latest U.S. export control restrictions to have a material
impact on our financial outlook for 2023," the company said in a
statement.
China's Ministry of Foreign Affairs urged the Dutch government
to "uphold an objective and fair stance" and take practical action
to safeguard China and the Netherlands' common interests and their
enterprises.
"China has always opposed the United States' generalization of
the concept of national security and its use of various excuses to
coerce other countries into imposing a technological blockade
against China," Ministry of Foreign Affairs spokesperson Wang
Wenbin said at a daily press briefing on Tuesday, according to
Chinese state media.
"The U.S.'s bullying behavior seriously violates international
trade rules and seriously damages the global semiconductor
industry," Wang added.
Write to Sherry Qin at sherry.qin@wsj.com
(END) Dow Jones Newswires
January 02, 2024 04:21 ET (09:21 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
ASML Holding NV (EU:ASML)
Historical Stock Chart
From Nov 2024 to Dec 2024
ASML Holding NV (EU:ASML)
Historical Stock Chart
From Dec 2023 to Dec 2024
