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Home Business

Netherlands in talks with US on China chip policy – Dutch trade minister

by News Wires
November 25, 2022
in Business
Dutch trade minister Liesje Schreinemacher

Dutch trade minister Liesje Schreinemacher

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AMSTERDAM – Dutch trade minister Liesje Schreinemacher said on Friday the Netherlands is in talks with the US government about new export restrictions for semiconductor equipment to China.

Under pressure from the US, the Dutch government has since 2018 not allowed the country’s largest company, semiconductor equipment maker ASML Holdings NV, licenses to ship its most advanced machines to China because they are considered “dual use” equipment with potential military applications.

New US export restrictions on chip equipment announced in October reach beyond currently agreed international definitions of what constitutes dual-use equipment, Reuters reported.

 

Tags: BUSINESSChinaNetherlandsUSA

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