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There's no need to identify the country, all you need to do is control the item," a Japanese industry ministry official told Reuters. Two of them, deposition machinery maker Kokusai Electric and Japan's leading chip tool maker Tokyo Electron (8035.T), said they expect Japan's controls to have a limited business impact. COORDINATIONDovetailing Japan's controls with those of the U.S. and the Netherlands will require close coordination. He has met with Japanese trade officials and believes Tokyo is committed to curbing certain exports. Tokyo remains worried that targeting China will provoke damaging retaliation, such as a ban on Japanese electric cars, a third Japanese industry official said.

Persons: Emily Benson, Kevin Wolf, Jim Lewis, Lewis, Joe Biden's administrationis, Tim Kelly Karen Freifeld, Kentaro Sugiyama, Toby Sterling, Yoshifumi, Lincoln Organizations: TOKYO, Reuters, Center, Strategic, International Studies, Tokyo, Advantest Corp, Nikon Corp, Canon Inc, Screen Holdings, U.S . State Department and Commerce Department, Center for Strategic, U.S, U.S . Commerce Department, Thomson Locations: Tokyo, Beijing, Japan, U.S, China, backdown, Washington, Netherlands, Amsterdam

☆ ASML benefits from selling older-generation tools to China: Analyst
▼ + stars: | 2023-07-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailASML benefits from selling older-generation tools to China: AnalystMehdi Hosseini of Susquehanna says ASML strategy of selling "trailing edge" equipment to China that are not subject to export controls allows it to benefit from higher profit margins.

Persons: Mehdi, Susquehanna Locations: China

☆ Lightning Round: It's time to buy KeyCorp, says Jim Cramer
▼ + stars: | 2023-07-20 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: It's time to buy KeyCorp, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Illumina, Compass Pathways, KeyCorp, Eaton, Verve Theraputics, Informatica and ASML.

Persons: Jim Cramer, Eaton Organizations: Verve Locations: Informatica, ASML

☆ Cramer's Lightning Round: KeyCorp is a buy
▼ + stars: | 2023-07-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Illumina's year-to-date stock portfolio. Stock Chart Icon Stock chart icon Compass Pathways' year-to-date stock performance. Stock Chart Icon Stock chart icon KeyCorp's year-to-date stock performance. Stock Chart Icon Stock chart icon Eaton's year-to-date stock performance. Stock Chart Icon Stock chart icon ASML Holding's year-to-date stock performance.

Persons: Eaton, you've, ASML Organizations: Verve Therapeutics, ASML, Taiwan Semi Locations: Informatica, Taiwan

☆ ASML shares surged more than 30% this year. Here's where Wall Street sees the stock going
▼ + stars: | 2023-07-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Shares of ASML have soared this year on the buzz around semiconductor firms and artificial intelligence. He added that the risk posed by the China restrictions represents about 5% of its revenue and backlog. But he described ASML as a very high quality business that will benefit from the growth of the semiconductor market. He predicts that semiconductor market revenue will be worth about $1 trillion in 2030. Analysts covering the company gave its Netherlands-listed shares potential average upside of nearly 13%.

Persons: ASML, Trent Masters, Masters, Morgan Stanley, Jefferies, — CNBC's Michael Bloom Organizations: Nvidia, Samsung, CNBC, UBS, ASML, Trent, NVIDIA, Analysts Locations: Netherlands, U.S, China, Alphinity

☆ European stocks higher; FTSE 100 up 1.3% and pound falls as UK inflation cools
▼ + stars: | 2023-07-19 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The regional Stoxx 600 index climbed 0.5%, with retail stocks extending Tuesday's gains by another 1.24%. The FTSE 100 was up 1.3% as the British pound fell against the U.S. dollar and the euro , and U.K. bond yields fell sharply. European stocks opened higher Wednesday, after U.K. inflation came in cooler than expected. U.K. consumer price index figures at 7 a.m. BST showed annual headline inflation of 7.9%, lower than a consensus forecast of 8.2% and down from 8.7% in May. European bond yields were lower on the news.

Persons: Goldman Sachs Organizations: U.S ., Netflix, Tesla, IBM, United Airlines Locations: Europe, U.S, Asia, Pacific

☆ Critical chip firm ASML, caught in China export restrictions, posts 38% rise in profit
▼ + stars: | 2023-07-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. Here's how ASML did in the second quarter versus Refinitiv estimates:Net sales : 6.9 billion euros ($7.7 billion), compared with 6.72 billion euros expected. : 6.9 billion euros ($7.7 billion), compared with 6.72 billion euros expected. Net profit: 1.9 billion euros, versus 1.82 billion euros expected. ASML said it expects net sales in the third quarter of this year to sit between 6.5 billion euros and 7 billion euros.

Persons: ASML, Peter Wennink, Wennink Organizations: U.S . Locations: U.S, Dutch, China

☆ ASML ups full-year sales forecast as China demand stays strong
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +3 min

SummaryCompanies Ups full-year sales growth forecast to 30% from 25%Q2 net profit up 35% at 1.9 billion euros vs forecast 1.82 blnQ2 sales up 28% to 6.9 billion vs forecast 6.74 billionAMSTERDAM, July 19 (Reuters) - Dutch semiconductor equipment maker ASML (ASML.AS) reported second-quarter earnings that beat expectations on Wednesday and boosted its full-year sales outlook, citing strong demand from Chinese customers. "However, our strong (order) backlog of around 38 billion euros ($42.6 billion) provides us with a good basis to navigate these short-term uncertainties," Wennick said. Net profit was up 35% from a year ago to 1.9 billion euros on sales up 28% to 6.9 billion, beating average analyst expectations of 1.82 billion euros and 6.74 billion respectively, according to Refinitiv data. It is a supplier to almost every computer chip maker and is expanding production as it cannot keep up with customer demand. ASML has never sold EUV machines in China due to export control rules but it remains a key market.

Persons: Peter Wennink, Wennink, Wennick, ASML, Toby Sterling, Tom Hogue, David Holmes Organizations: Samsung, Intel, Thomson Locations: AMSTERDAM, China, Washington, U.S

☆ ASML to hire 100 researchers leaving Philips
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, July 18 (Reuters) - Dutch semiconductor equipment maker ASML (ASML.AS) will hire 100 researchers who are leaving Philips (PHG.AS), the companies said on Tuesday. ASML was founded as a joint venture between Philips and ASM International (ASMI.AS) in 1984 and has become Europe's largest technology company by market capitalisation. Philips, a former industrial conglomerate that now focuses on medical technology, has been retrenching and cutting staff after a major recall of respiratory devices. The employees switching companies are from Philips' Engineering Solutions division, including staff working on "mechatronics", the integration of mechanical control systems into electronics. ASML hired a net 7,000 employees in 2022, adding almost 20% to its global workforce, but it is expected to slow that pace this year.

Persons: ASML, Toby Sterling, David Goodman, Jonathan Oatis Organizations: Philips, ASM International, Engineering Solutions, Thomson Locations: AMSTERDAM, Financieele Dagblad, ASML

☆ ASML, STMicro, Infineon and more: Barclays predicts the AI impact as earnings loom
▼ + stars: | 2023-07-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

"We expect AI excitement to continue (hence our Positive industry view)," said the Barclays analysts led by Simon Coles in a note to clients on June 28. The below table highlights the European chip stocks covered by Barclays, the date of their earnings, and the bank's 12-month price target for each. The stock has potential upside of 37.3%, according to Barclays' analysts; the second-highest on their list. The bank's analysts are optimistic about the company's revenue exposure and anticipate a strong quarter driven by the auto sector. Barclays puts Infineon's upside potential at 40% — the highest on its list of chip stocks.

Persons: Simon Coles, ASML, telco, STMicroelectronics Organizations: Barclays, Samsung, Nokia, ASM, Infineon Locations: Asia, China, EUV, STMicro, 2024E

☆ Europe stocks open lower as momentum wanes; Richemont down 8%
▼ + stars: | 2023-07-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Household goods stocks were 1.95% lower, as insurance nudged 0.2% higher. The Stoxx gained 2.94% last week, according to Eikon data, its strongest week since March. Investors will be assessing gross domestic product figures from China, which came in at 6.3%, lower than economists expected. Luxury Swiss retailer Richemont fell 8.6% Monday morning after its sales figures showed a slowdown in U.S. demand, though a significant rebound in Asia. Asia-Pacific markets are lower, while U.S. stock futures are down slightly.

Persons: Morgan Stanley, Tesla Organizations: Federal Reserve, Investors, Novartis, Ocado, juggernauts Bank of America, Netflix, United Airlines, IBM, Luxury, Richemont Locations: United States, China, ASML, Europe, Asia, Pacific

☆ These are the 3 key things that will impact the stock market in the week ahead
▼ + stars: | 2023-07-15 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

A lot was riding on these important measures of inflation after the scorching-hot ADP jobs report last week. Here are 3 things you need to know for the week ahead: 1. Industrial production and capacity utilization, also out Tuesday, shines a light on manufacturing, which attributes about 12% to U.S. GDP. Six months is generally considered to represent a balance between supply and demand in the housing market. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Morgan Stanley, Johnson, Jeff Miller, Lockheed Martin, Charles Schwab, JB Hunt, Goldman, Baker Hughes, Ally, Kinder Morgan, Zions, Philip Morris, Abbott, ABT, Jim Cramer's, Jim Cramer, Jim, Scott Olson Organizations: Nasdaq, Dow Jones Industrial, Housing, CPI, Halliburton, HAL, Johnson, of America Corp, Lockheed, Lockheed Martin Corp, Novartis International AG, PNC Financial Services Group, Inc, PNC, Charles Schwab Corp, Bank of New York Mellon Corporation, BK, Synchrony, Interactive, Goldman Sachs Group, U.S . Bancorp, ASML, Citizens Financial, T Bank Corp, Northern Trust Corporation, Horizon National Corp, Business Machines Corp, IBM, United Airlines, Netflix, Steel Dynamics, Alcoa, Discover Financial Services, Crown, International Corp, Equifax Inc, Las Vegas Sands Corp, Liberty Energy Inc, Philip Morris International Inc, Taiwan Semiconductor Manufacturing Company, American Airlines Group Inc, Travelers Companies, SAP, Nokia Corp, Truist Financial Corporation, Company, McLennan Companies, Infosys Technologies Ltd, Newmont Mining Corp, Fifth Third Bancorp, Pool Corporation, Alfa Laval, Webster Financial Corp, Blackstone, Financial Corp, PPG Industries, CSX Corp, CSX, Berkley Corp, Swift Transportation Holdings Inc, American Express Co, AutoNation Inc, Interpublic, of Companies, Autoliv Inc, Huntington Bancshares, Financial Corporation, Roper Technologies, Comerica, Jim Cramer's Charitable, CNBC, Getty Locations: U.S, Las, ZION, Horton, Freeport, Marsh, ALFVY, W.R, Lemont , Illinois

☆ China's Huawei poised to overcome US ban with return of 5G phones, research firms say
▼ + stars: | 2023-07-12 | by ( David Kirton | ) www.reuters.com time to read: +5 min

Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from Semiconductor Manufacturing International Co (SMIC), three third-party technology research firms covering China's smartphone sector told Reuters. The firms, citing industry sources including Huawei suppliers, spoke on condition of anonymity because of confidentiality agreements with clients. [1/2]A Huawei logo and a 5G sign are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. The second research firm said it noticed Huawei had asked SMIC to produce chip components below 14 nm this year for 5G products. The forecast yield rate of less than 50% means that 5G chips are "going to be costly", said Doug Fuller who researches chips at the Copenhagen Business School.

Persons: SMIC, Canalys, Aly, Doug Fuller, Fuller, David Kirton, Jamie Freed Organizations: Huawei, Huawei Technologies, chipmaking, Semiconductor Manufacturing International, Reuters, Apple, Samsung, China Securities Journal, Mobile World Congress, REUTERS, Copenhagen Business School, Thomson Locations: SHENZHEN, China, Shenzhen, U.S, Shanghai, Washington

☆ China's Huawei poised to overcome US ban with return of 5G phones - research firms
▼ + stars: | 2023-07-12 | by ( David Kirton | ) www.reuters.com time to read: +5 min

[1/2] A Huawei logo and a 5G sign are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from Semiconductor Manufacturing International Co (SMIC), three third-party technology research firms covering China's smartphone sector told Reuters. The firms, citing industry sources including Huawei suppliers, spoke on condition of anonymity because of confidentiality agreements with clients. The second research firm said it noticed Huawei had asked SMIC to produce chip components below 14 nm this year for 5G products. The forecast yield rate of less than 50% means that 5G chips are "going to be costly", said Doug Fuller who researches chips at the Copenhagen Business School.

Persons: Aly, SMIC, Canalys, Doug Fuller, Fuller, David Kirton, Jamie Freed Organizations: Huawei, Mobile World Congress, REUTERS, Huawei Technologies, chipmaking, Semiconductor Manufacturing International, Reuters, Apple, Samsung, China Securities Journal, Copenhagen Business School, Thomson Locations: Shanghai, China, SHENZHEN, Shenzhen, U.S, Washington

☆ Dutch light chips company Smart Photonics gets $110 mln in debt funding
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, July 12 (Reuters) - Smart Photonics, a Dutch company targeting the market for photonic computer chips, said on Wednesday it has received 100 million euros ($110 million) in debt funding. The money includes 60 million euros from a Dutch government fund and 40 million from industry players including chip equipment giant ASML and chipmaker NXP, both based in the Netherlands. Photonic chips use particles of light to complete circuits and transmit information, rather than the electrons used in computer chips and electronics. "With this new round of funding, SMART Photonics will be able to strengthen its role as the leading manufacturer of next generation chips in a growing, resilient European photonic value chain," it said in a statement. Smart Photonics is seeking to become a foundry, or contract manufacturer of photonic chips for companies that design but do not manufacture such chips.

Persons: chipmaker NXP, VDL, Toby Sterling, Louise Heavens Organizations: Smart Photonics, SMART Photonics, Thomson Locations: AMSTERDAM, Dutch, Netherlands

☆ European shares gain ahead of key US inflation data
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +1 min

June 12 (Reuters) - European shares edged higher on Wednesday in the run-up to the release of key U.S. inflation data which will determine whether the Federal Reserve is nearing the end of its monetary policy tightening. The pan-European STOXX 600 index (.STOXX) was up 0.3% by 7:07 GMT. The U.S. data, scheduled to be released at 1230 GMT, is expected to show the consumer price (CPI) index moderated to 3.1% year-on-year in June after May's 4% rise. A sharp slowdown in inflation could fuel bets that the Fed might end its market-punishing rate hikes after July. Reporting by Matteo Allievi in Gdansk and Amruta Khandekar in Bangalore; Editing by Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.

Persons: Jefferies, Matteo Allievi, Sohini Goswami Organizations: Federal Reserve, May's, Technology, ASML, Infineon, Thomson Locations: U.S, Gdansk, Amruta, Bangalore

☆ Forget the hype: Barclays identifies global 'A.I. winners' for the long term
▼ + stars: | 2023-07-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Barclays has named several global stocks that are expected to do well as the usage of artificial intelligence-related services evolves. The investment bank acknowledged that hardware and infrastructure giants, most notably Nvidia and Microsoft , are currently seeing the immediate benefits of the AI hype. Still, over the long term, it said businesses in the service sector could cash in significantly. The companies in Barclays' "Global AI Winners" basket include Canada-headquartered Telus and France's Capgemini . The below table highlights non-U.S. stocks in Barclays' basket of AI stocks.

Persons: FactSet, Emmanuel Cau, Capgemini, Goldman Sachs Organizations: Barclays, Nvidia, Microsoft, Telus, France's, Tech, Companies, Tokyo Electron, SoftBank Group, SAP, UK's Sage Group, ASM Locations: Canada, U.S, Taiwan, Tokyo, Europe, Amsterdam

☆ Morgan Stanley says we are entering a golden age of technology because of A.I. and gives some top stocks to play it
▼ + stars: | 2023-07-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Morgan Stanley offered up some of its top ways to play artificial intelligence as the technology enters a "golden age." But even after those significant surges, Morgan Stanley thinks the tailwinds are far from over. Given this setup, Morgan Stanley analysts highlighted 37 stocks as global AI winners with a combined market capitalization of $2.8 trillion. To compile the list, Morgan Stanley searched for areas of the tech supply chain situated for the strongest AI revenue exposure. Morgan Stanley expects the company's dominance to continue in the foreseeable future, calling it the "cleanest story" within AI hardware.

Persons: Morgan Stanley, — CNBC's Michael Bloom Organizations: Nvidia, Meta, Devices, Marvell Technology, Taiwan Semiconductor Manufacturing, U.S, Dell Technologies Locations: U.S, Taiwan, Korea, Europe

☆ Insurers’ net-zero club looks easy to shun
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 5 (Reuters Breakingviews) - Global insurers are looking to re-write the rules to salvage their net-zero club. The once 30-strong U.N.-backed Net-Zero Insurance Alliance (NZIA) unveiled ambitious decarbonisation targets in January, but now has only 12 companies left, including Italy’s Generali (GASI.MI) and Britain’s Aviva (AV.L). As a result, the club may effectively allow insurers to postpone that deadline. But the move may simply raise more questions around NZIA’s raison d’être: insurers may be better off simply publishing their own path to decarbonisation. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Italy’s, Pamela Barbaglia, Neil Unmack, Oliver Taslic Organizations: Reuters, Global, Zero Insurance, Britain’s Aviva, Allianz, AXA, Tokio, Republican, Glasgow Financial Alliance, Twitter, KKR, Thomson Locations: May, Ukraine, China

☆ Europe's biggest IPO prudently tests the water
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 5 (Reuters Breakingviews) - Europe’s biggest listing this year is off to a cautious start. Hidroelectrica, Romania’s top hydropower producer, priced on Wednesday its initial public offering (IPO) at 104 lei ($22.87 per share, the middle of a proposed range, raising 1.8 billion euros. That values the whole utility at 46.8 billion lei, or 9.4 billion euros. And temperatures are expected to soar across large parts of the world, making hydropower plants more vulnerable to droughts. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Verbund, Hidroelectrica, Bogdan Nicolae Badea, Yawen Chen, Lisa Jucca, Pranav Kiran Organizations: Reuters, Union, Twitter, KKR, Thomson Locations: Bucharest, Romanian, Ukraine, China

☆ The Fed can’t decide how much money US households have left
▼ + stars: | 2023-07-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Interest rates are higher and so are prices, credit is drying up and there are signs that the labor market is finally softening. The problem is that no one, not even the Federal Reserve, knows how much longer the American consumer can keep on spending. Personal saving rates soared as a result, with US households amassing about $2.3 trillion in savings in 2020 and through the summer of 2021, according to Federal Reserve economists. Economists know that savings must be dissipating, but haven’t quite figured out just how much of that money is left. Just a few weeks later, economists at the Federal Reserve Board of Governors in Washington said just the opposite.

Persons: New York CNN — There’s, we’ve, ”, Torsten Slok, Lydia Boussour, Hanna Ziady, Xiaofei Xu, Beijing’s, Laura He, Wei Jianguo, Funflation, Beyflation — Taylor Swift, Fisher, don’t Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Commerce Department, Federal Reserve Bank of San, Governors, Apollo Global Management, Consumer, Reuters, China Daily, Fisher Investments, National Statistics Locations: New York, Federal Reserve Bank of San Francisco, Washington, United States, EY, Boussour, China, Beijing, Japan, Italy, Netherlands, Swiftflation

☆ Supreme Court knocks Fed diversity goal down a peg
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, July 5 (Reuters Breakingviews) - The U.S. Supreme Court just made the Federal Reserve’s job more difficult. The ruling could make future workforces more homogeneous and, in turn, throws a new obstacle in the way of the Fed’s goal for diverse employment. Getting that back to 2% from the current 4% pace remains the central bank’s “top priority,” Powell said last month. While white unemployment hit 3.3% in May, Black unemployment rebounded to 5.6%, according to the Bureau of Labor Statistics. As Powell moves further away from his goal of inclusivity, the Supreme Court’s decision means closing that gap will probably take even longer.

Persons: Jerome Powell, it’s, ” Powell, Powell, Ben Winck, Lauren Silva Laughlin, Sharon Lam Organizations: Reuters, U.S, Supreme, Bureau of Labor Statistics, inclusivity, Twitter, KKR, Thomson Locations: China

☆ Lightning Round: Let Carnival Cruise Line simmer and go to Norwegian Cruise Line, says Jim Cramer
▼ + stars: | 2023-07-05 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Let Carnival Cruise Line simmer and go to Norwegian Cruise Line, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: ZoomInfo, Carnival Cruise Lines and ASML.

Persons: Jim Cramer Organizations: Norwegian Cruise, Cruise Locations: Norwegian

Such a penalty would be far higher than any previously imposed by Brussels. But China’s stuttering economy and Beijing’s focus on elections in the United States and Taiwan next year are driving a calculation by Chinese policymakers that it is still worth engaging. But the Chinese are looking beyond the United States, and 2023. “Beijing policymakers are hedging their bets,” Rana Mitter, director of Oxford University’s China Center, told DealBook. “They believe that the Biden administration is using softer language but in practice seeking to contain China.

Persons: Illumina, Janet Yellen, Biden, Yellen’s, ” Rana Mitter, DealBook, “, ” Organizations: European Union, Financial Times, Economic, China, Oxford University’s China Center Locations: Brussels, China, Beijing, United States, Taiwan, Tianjin, Netherlands, Washington

☆ Dutch foreign ministry: EU will respond to new Chinese export rules
▼ + stars: | 2023-07-04 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, July 4 (Reuters) - The European Union must respond to new rules introduced by China requiring a license to export two metals widely used in semiconductor manufacturing, the Dutch government said on Tuesday. The Netherlands on Friday introduced new rules requiring a license to export chipmaking equipment made by ASML (ASML.AS), the Netherlands' largest company. "To what extent this will have consequences for the European and Dutch economy will depend on how China carries it out," the Dutch Foreign Ministry said in a statement. "Given the authority that the European Union has in trade policy, it's primarily up to the EU to address China about these measures." The Dutch foreign minister will "keep in close contact with the European Commission and other EU member states about this," the statement said.

Persons: it's, Toby Sterling, Richard Chang Organizations: European, U.S, Dutch Foreign Ministry, European Union, EU, European Commission, Thomson Locations: AMSTERDAM, China, Netherlands, Hague, Beijing

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