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CNN —ASML has been ordered by the Dutch government to restrict shipment of some of its chip-making equipment to China, the company said on Monday.
For several years, the Dutch government has faced pressure from the United States to limit chip-related exports to China.
ASML said when the rules were updated that due to “the length and complexity of the regulations, ASML will need to carefully assess any potential implications.”The updated export restrictions would affect between 10% and 15% of the firm’s sales to China, ASML Chief Executive Peter Wennink said during an earnings call in October.
China reacted on Tuesday, by calling the US curbs “hegemonic” and “bullying.”These actions will “undermine the global semiconductor landscape,” Foreign Ministry spokesperson Wang Wenbin said.
Persons:
CNN — ASML, ASML, Biden, Peter Wennink, ” ASML, Wang Wenbin
Organizations:
CNN, United, NXT, ASML, Foreign
Locations:
China, United States, Veldhoven, Netherlands