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☆ ‘No force’ can stop China’s tech progress, Xi Jinping tells Dutch PM
▼ + stars: | 2024-03-28 | by ( Laura He | ) edition.cnn.com time to read: +3 min

There was a surge in sales of ASML’s advanced chipmaking tools to China last year — ahead of the Dutch ban. In the fourth quarter of 2023, China accounted for 39% of ASML’s total revenue, according to the company. For 2023 as a whole, China’s share of ASML’s revenue was 29%, doubling from 14% in 2022. “China’s access to [these high-end chipmaking] machines is key to its commercialization of 7-nanometer logic chips,” they added. “China has been aggressively buying semiconductor equipment to build out production lines in both advanced and mature nodes,” according to Jefferies.

Persons: Xi Jinping, Mark Rutte, ASML, ” Xi, Rutte, Wang Wentao, Geoffrey van Leeuwen, ” Wang, “, ” Jefferies, Jefferies Organizations: Hong Kong CNN, Dutch, United, ”, Dutch Trade, Huawei, China’s Semiconductor Manufacturing International Corporation Locations: Hong Kong, China, Netherlands, Beijing, United States, Europe

☆ Has Coffee Really Ousted Tea as the U.K.’s Favorite Hot Drink?
▼ + stars: | 2023-09-23 | by ( Megan Specia | More About Megan Specia | ) www.nytimes.com time to read: 1 min

“Tea has my heart,” Liz Coleman explained as she sank into a chair under the gold-painted ceilings of the Grand Café in Oxford, England. As a British woman of Persian descent, tea looms large in her home life, she said, but when she is out, it is always coffee. Tea is woven deep into Britain’s cultural fabric, having arrived in the 1650s after Dutch traders brought it to Europe from China. Centuries of tradition made it the nation’s favorite hot drink. But coffee, a longtime rival, has increasingly challenged that status, and a recent survey suggested it had finally ousted tea from its prime spot, setting off a war of statistics as the two industries defend their beverages.

Persons: ” Liz Coleman, Ms, Coleman Locations: Oxford, England, British, Europe, China

☆ Dutch curb chip equipment exports, drawing Chinese ire
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +4 min

"We have taken this step in the interest of our national security" said Dutch Trade Minister Liesje Schreinemacher, adding such equipment may have military applications. Schreinemacher said a "very limited" number of companies and product models would be affected, and China was not named. But the Chinese Embassy in the Netherlands described the move as an "abuse of export control measures" that violate trade rules. ASM International, which makes atomic layer deposition tools, said it did not expect a material change to its forecasts as a result of the Dutch rules, which also discuss that technology. The new Dutch list may later be adopted by other European countries or added to the EU list, though few European firms export high-end chipmaking equipment.

Persons: ASML, Liesje Schreinemacher, Schreinemacher, Toby Sterling, Louise Heavens, Mark Potter Organizations: Dutch Trade, Embassy, U.S, Washington, ASM International, Lam Research, Materials, Reuters, Union, EU, Zeiss, Thomson Locations: China, AMSTERDAM, U.S, Beijing, Netherlands, Dutch, Japan, Taiwan, ASML

☆ Netherlands, home to a critical chip firm, follows U.S. with export curbs on semiconductor tools
▼ + stars: | 2023-06-30 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The U.S. has been putting pressure on the Netherlands to block exports to China of high-tech semiconductor equipment. Susan Walsh | AFP | Getty ImagesThe Netherlands on Friday announced new export restrictions on advanced semiconductor equipment amid U.S. pressure to cut China off from key chipmaking tools. Since then, the U.S. has been ramping up pressure on key chipmaking nations and allies like the Netherlands and Japan, to introduce export restrictions of their own. The Dutch government was on the fence but in March laid out restrictions on the export of advanced semiconductor equipment. This will give them the time they need to adapt to the new rules," Dutch Trade Minister Liesje Schreinemacher said in a statement.

Persons: Mark Rutte, Joe Biden, Susan Walsh, hobble, Liesje Schreinemacher, ASML Organizations: AFP, Getty, Friday, Companies, Washington, Trade Locations: Netherlands, U.S, China, ASML, Japan

☆ ASML, China customers haunted by uncertainty on new Dutch chip export rules
▼ + stars: | 2023-03-09 | by ( Tosterling Philip Blenkinsop | Philip Blenkinsop | ) www.reuters.com time to read: +4 min

The "installed base" segment contributed about 25% of ASML's worldwide revenue in 2022. ING analyst Marc Hesselink calculated that the new Dutch rules could possibly affect products that account for 10% of ASML's worldwide sales. The Chinese may have a competitive advantage there, and ASML's sales in China could even grow modestly. Regardless, ASML will thrive outside China in the long run as chipmakers worldwide expand capacity, he said. "The demand for ASML machines is not going to be impacted, it's simply going to shift to a different region," he said.

☆ Dutch trade minister: China protest over export rules is 'understandable'
▼ + stars: | 2023-03-09 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +2 min

STOCKHOLM/AMSTERDAM, March 9 (Reuters) - The Netherlands' Trade Minister said a Chinese protest over the Dutch decision to impose restrictions on computer chip technology exports was "understandable", but on Thursday said she expected diplomatic relations would remain good. Liesje Schreinemacher was speaking in Stockholm after the Netherlands said on Wednesday it would follow the U.S. in imposing stricter export rules. Chinese foreign ministry spokesperson Mao Ning said the Dutch rules would "limit normal economic and trade exchanges between Chinese and Dutch companies". Asked whether Dutch restrictions, which are expected to be in place by this summer, will actually be more lax than comparable U.S. restrictions imposed on its own companies last year, she avoided the comparison. Reporting by Philip Blenkinsop; Writing by Toby Sterling; Editing by Alex Richardson and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ Dutch to restrict semiconductor tech exports to China, joining U.S. effort
▼ + stars: | 2023-03-09 | by ( ) www.cnbc.com time to read: +1 min

The Netherlands' government on Wednesday said it plans new restrictions on exports of semiconductor technology to protect national security, joining the U.S. effort to curb chip exports to China. The announcement marked the first concrete move by the Dutch, who oversee essential chipmaking technology, toward adopting rules urged by Washington to hobble China's chipmaking industry and slow its military advances. The U.S. in October imposed sweeping export restrictions on shipments of American chipmaking tools to China, but for the restrictions to be effective it needs other key suppliers in the Netherlands and Japan, who produce key chipmaking technology, to agree. Dutch Trade Minister Liesje Schreinemacher announced the decision in a letter to parliament, saying the restrictions will be introduced before the summer. Her letter did not name China, a key Dutch trading partner, nor did it name ASML , Europe's largest tech firm and a major supplier to semiconductor manufacturers, but both will be affected.

☆ Dutch to restrict semiconductor tech exports to China, joining US effort
▼ + stars: | 2023-03-08 | by ( ) edition.cnn.com time to read: +3 min

Amsterdam/Washington Reuters —The Netherlands’ government on Wednesday said it plans new restrictions on exports of semiconductor technology to protect national security, joining the US effort to curb chip exports to China. The announcement marked the first concrete move by the Dutch, who oversee essential chipmaking technology, toward adopting rules urged by Washington to hobble China’s chipmaking industry and slow its military advances. It specified one technology that will be impacted is “DUV” lithography systems, the second-most advanced machines that ASML sells to computer chip manufacturers. Major ASML customers such as TSMC and Intel (INTC) are engaged in capacity expansions. ASML has never sold its most advanced “EUV” machines to customers in China, and the bulk of its “DUV” sales in China go to relatively less advanced chipmakers.

The Netherlands' government on Wednesday said it plans new restrictions on exports of semiconductor technology to protect national security, joining the United State's effort to curb chip exports to China. Dutch Trade Minister Liesje Schreinemacher announced the decision in a letter to parliament, saying the restrictions will be introduced before the summer. It specified one technology that will be impacted is "DUV" lithography, the second-most advanced machines that ASML sells to computer chip manufacturers. Major ASML customers such as Taiwan Semiconductor Manufacturing Co. and Intel are engaged in capacity expansions. ASML has never sold its most advanced "EUV" machines to customers in China, and the bulk of its DUV sales in China go to relatively less advanced chipmakers.

☆ Dutch export rules on China in focus ahead of ASML results
▼ + stars: | 2023-01-20 | by ( Tosterling Stephanie Van Den Berg | Stephanie Van Den Berg | ) www.reuters.com time to read: +4 min

One is making sure Dutch rules are drafted in such a way that they are not actually more restrictive for ASML than for U.S. companies. ASML is expected to post fourth-quarter net income of 1.68 billion euros ($1.82 billion) on record revenue of 6.37 billion euros, according to Refinitiv Eikon data. In November ASML raised its annual revenue estimates by 25% to at least 30 billion euros by 2025. There could be further losses from tougher Dutch rules, if for example, limits are re-applied to sales to China of older technology deep ultraviolet lithography (DUV) equipment. ASML has sold more than 8 billion euros worth of such equipment in China since 2014, when DUV was removed from international lists of goods deemed of possible military use.

☆ Dutch tech industry urges EU to take a stand on China chip exports
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, Jan 17 (Reuters) - Dutch tech industry group FME on Tuesday called for the European Commission to draft a position on whether and how to restrict computer chip technology exports to China, saying "more unified and powerful action" was needed from Europe. The call comes as Dutch Prime Minister Mark Rutte visits U.S. President Joe Biden in Washington. "In these times ... of geopolitical tensions, national and European strategic autonomy is of great importance," said FME chairman Theo Henrar. The Dutch trade minister on Sunday said she shared U.S. concerns about over-reliance on Asian chipmakers and that chip technology had military applications, but the Netherlands would not simply adopt American rules. FME represents the interests of 2,200 Dutch technology firms, including ASML and smaller equipment maker ASM International (ASMI.AS).

☆ Dutch premier pledges Patriot missiles for Ukraine at Biden meeting
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 17 (Reuters) - Dutch Prime Minister Mark Rutte told U.S. President Joe Biden on Tuesday that the Netherlands would offer Patriot missiles to Ukraine, a day after the top Dutch trade official balked at new U.S. restrictions on exporting chip-making technology to China. The Netherlands will join the United States and Germany in sending the Patriot missile defense system to Ukraine, Rutte told Biden at the White House. Biden told Rutte he looked forward to discussing ways to strengthen the supply chain as he welcomed the prime minister to the White House. Trade Minister Liesje Schreinemacher said on Sunday the Netherlands would not summarily accept demands by the United States on chip technology. Rutte told reporters on Friday that he did not feel pressure from Washington to adopt more restrictions on semiconductor exports to China.

☆ Dutch trade minister: won't summarily agree to U.S. rules on China exports
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, Jan 16 (Reuters) - The top Dutch trade official said the Netherlands will not summarily accept new U.S. restrictions on exporting chip-making technology to China, and is consulting with European and Asian allies. Trade Minister Liesje Schreinemacher spoke on Sunday on the television show Buitenhof ahead of a visit to the U.S. by Dutch Prime Minister Mark Rutte on Tuesday, when he is expected to discuss export policy with President Joe Biden. The Netherlands' largest company is ASML Holding, a key supplier to semiconductor equipment makers. ASML has said that the U.S. rules could impact roughly 5% of its group sales. She said the Netherlands is also talking with Japan, South Korea, Taiwan, Germany and France.

☆ Netherlands PM Rutte apologises for role of Dutch state in slavery
▼ + stars: | 2022-12-19 | by ( Tosterling Ank Kuipers | Ank Kuipers | ) www.reuters.com time to read: +5 min

[1/8] Dutch Prime Minister Mark Rutte responds to recommendations from a panel of experts to accept the role of the Netherlands in the history of slavery and its current consequences in The Hague, Netherlands December 19, 2022. "Today I apologise," Rutte said in a nationally televised speech at the Dutch National Archives. "For centuries the Dutch state and its representatives have enabled and stimulated slavery and have profited from it," he added. "It is true that nobody alive today bears any personal guilt for slavery...(however) the Dutch state bears responsibility for the immense suffering that has been done to those that were enslaved and their descendants." The panel said that Dutch participation in slavery had amounted to crimes against humanity and in 2021 recommended an apology and reparations.

HONG KONG, Dec 19 (Reuters Breakingviews) - America’s chip war against China will make only partial inroads in 2023. After unveiling sweeping new export restrictions in October, Washington appears to have successfully lobbied friendly governments including Japan and the Netherlands to join. Dutch Trade Minister Liesje Schreinemacher already said in November her government "will not copy the American measures one-to-one". Rival Nikon (7731.T) made sales of over 153 billion yen ($1.1 billion) in China, some 28% of total. In November, Dutch Trade Minister Liesje Schreinemacher confirmed the Netherlands was in talks with the U.S. government about new export restrictions.

☆ Dutch chip equipment maker ASML's CEO questions U.S. export rules on China -newspaper
▼ + stars: | 2022-12-13 | by ( ) www.reuters.com time to read: +2 min

"Maybe they think we should come across the table, but ASML has already sacrificed," CEO Peter Wennink said in an interview with newspaper NRC Handelsblad. He said that while 15% of ASML's sales are in China, at U.S. chip equipment suppliers "it is 25 or sometimes more than 30%". Washington is urging the Netherlands, Japan and other unspecified countries with companies that make cutting edge manufacturing equipment to adopt similar rules. Wennink said it seemed contradictory that U.S. chip manufacturers are able to sell their most advanced chips to Chinese customers, while ASML is only able to sell older chipmaking equipment. (Yet) the technology used to make such chips can still be sold to China," he added.

☆ Netherlands plans curbs on chip exports to China in deal with U.S.-Bloomberg News
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

Dec 7 (Reuters) - Dutch officials are planning to enforce new controls on exports of chip-making equipment to China, Bloomberg News reported on Wednesday, citing people familiar with the matter. The report comes after Dutch Trade Minister Liesje Schreinemacher last month said the Netherlands was in talks with the U.S. government about new export restrictions for semiconductor equipment to China. ASML is a key maker of semiconductor equipment, with more than 2 billion euros ($2.1 billion) of sales to customers in China in 2021. According to Bloomberg, an agreement regarding the Dutch curbs on chip exports could come as soon as next month, adding that it is unclear what the new restrictions mean for ASML's sales to China. China is also the Netherlands' second-largest trade partner after Germany, according to the Dutch statistics office CBS.

☆ Netherlands in talks with U.S. on China chip policy - Dutch trade minister
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, Nov 25 (Reuters) - Dutch trade minister Liesje Schreinemacher said on Friday the Netherlands is in talks with the U.S. government about new export restrictions for semiconductor equipment to China. New U.S. export restrictions on chip equipment announced in October reach beyond currently agreed international definitions of what constitutes dual-use equipment. "Well we are having talks with the U.S., obviously they have announced their unilateral measures," Schreinemacher told reporters in Brussels. "We do share the concerns that they (the U.S. government) have when it comes to China, when it comes to security," Schreinemacher said. At the G20 conference in Bali, Chinese President Xi Jinping called on Dutch Prime Minister Mark Rutte to resist "the politicisation of economic and trade issues."

☆ EU demands quick fix from U.S. of green subsidy law
▼ + stars: | 2022-11-25 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +2 min

The EU argues the $430 billion Inflation Reduction Act, to take effect in January, will make the United States a world leader in the electric vehicle market at its expense. Czech industry and trade minister Josef Sikela said all 27 EU members were concerned. He told reporters before a meeting of national trade ministers that time was running out and expressed hope a solution could be found by Dec. 5 when top U.S. and EU officials will meet. He said ministers would discuss how to persuade the United States to modify its act. The objective would not be to launch into a subsidy race, which would be counter-productive," he said.

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