Smart chip tycoon skeptical of US export restrictions to China

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Pixabay.com The US should not expect the Netherlands to completely adopt the US approach to export restrictions on China, Dutch Foreign Trade Minister Liesje Schreinemacher warned. “The Netherlands will not copy US measures one-for-one,” she told the NRC newspaper in an interview. “We are making our own assessment – ​​and we are doing it in consultation with partner countries such as Japan and the United States.” Dutch politicians for the first time publicly presented their position on this issue. The Biden administration is pushing for a multilateral agreement to place restrictions on China aimed at limiting the production of advanced chips in the country and transferring the cutting-edge technology to enable it. The Netherlands and Japan, which, along with Taiwan and the US, have advanced technologies for the production of next-generation chips, share many of the US’s security concerns, but both countries also see China as a major market they would like to retain access to. The Netherlands is key to the American game as ASML Holding NV is one of the few companies that dominate the semiconductor manufacturing equipment market. They also include Applied Materials Inc., Lam Research Corp. and KLA Corp. in the USA and Tokyo Electron Ltd. in Japan. Without giving details, the Dutch foreign trade minister said her country would likely introduce some controls on exports to China itself. She also said the Dutch government needed more time to decide on potential new legislation. ASML has already placed restrictions on the sale to China of its extreme ultraviolet lithography machines, which are needed to produce cutting-edge chips. But the Dutch company can still offer less sophisticated products to Chinese customers. In early October, the Biden administration unveiled sweeping measures to limit China’s ability to secure advanced artificial intelligence chips and semiconductor manufacturing equipment, hitting the $580 billion global chip industry. US chipmakers have indicated that the new regulations could mean billions of dollars in lost sales, but ASML and Tokyo Electron said they expect their profits to be less impacted by the restrictions. Senior US officials – including Alan Estevez, undersecretary of commerce for industry and security – are heading to the Netherlands this month to discuss export controls. But as reported by Bloomberg News, the talks are not expected to lead to an immediate agreement. Meanwhile, Beijing is working to prevent other countries from giving in to US demands. At the Group of 20 summit, Chinese President Xi Jinping asked Dutch Prime Minister Mark Rutte to “avoid disrupting world trade.” “We must oppose the politicization of economic and trade issues and maintain the stability of the global industrial and supply chain,” said Xi Rutte, who also visited South Korea to discuss “technical issues and deepen the relationship between the countries.” JapanTimes.co.jp

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