China is “dissatisfied” with the Dutch government’s decision to expand export controls on ASML Holding NV chipmaking equipment, the Chinese Ministry of Commerce said in a statement yesterday.
The Dutch government on Friday said it would expand export licensing requirements for ASML’s 1970i and 1980i Deep Ultraviolet immersion lithography tools, aligning its rules with export restrictions the US unilaterally imposed on the machines last year.
Beijing has repeatedly criticized Washington’s strategy of pressuring allies, such as the Netherlands and Japan, to join export controls targeting Chinese access to cutting-edge chips and chipmaking equipment.
Photo: Rob Engelaar, EPA-EFE
“In recent years, in order to maintain its global hegemony, the US has continued to ... coerce certain countries to tighten export control measures for semiconductors and [related] equipment ... China is resolutely opposed to this,” the ministry said in response to the Dutch government’s announcement on Friday.
The Dutch should not abuse export controls, avoid measures that damage Sino-Dutch cooperation in semiconductors and safeguard the “common interests of Chinese and Dutch enterprises,” it added.
US lobbying has effectively stopped ASML, the world’s biggest vendor of chipmaking equipment, from exporting its most advanced lithography systems to China to slow Beijing’s technological and military advances.
The decision was made “for our safety,” Dutch Minister for Foreign Trade and Development Cooperation Reinette Klever said on Friday. “We see that due to technological developments, there are more safety risks in the export of these specific production machines.”
ASML said in a statement that it did not expect the change in oversight to impact earnings this year or in the future.
Under US pressure, the Dutch government has never allowed ASML to ship its very best EUV tools to Chinese customers.
NEW MARKET: The partnership opens up India to the Dutch company, which already has a strong hold in the semiconductor market of South Korea, Taiwan and China ASML Holding NV entered into a partnership agreement with Tata Electronics Pvt Ltd aimed at ramping up India’s goal to develop domestic chip-manufacturing capabilities. The Dutch company’s technology would help power Tata Electronics’ planned 300 millimeter (mm) semiconductor foundry in Gujarat, according to a joint statement from the two companies on Saturday. The signing of a memorandum of understanding coincides with a visit by Indian Prime Minister Narendra Modi to the Netherlands, which is looking to deepen bilateral relations with New Delhi. ASML, whose top customers include Taiwan Semiconductor Manufacturing Co (台積電) and Samsung Electronics Co, makes lithography machines that can print
ROUGH RECORDS: Bonds in Japan, as well is in New Zealand, Australia and the US, are seeing the effects of a nervy market as stock exchanges across Asia edge down A deepening slump in Japanese government bonds added fuel to the selloff in global debt markets as rising oil prices stoked inflation fears and pushed yields to multi-decade highs. Japan’s 30-year yield yesterday surged as much as 20 basis points to the highest level since the tenor’s debut in 1999, before paring some of the move. Shorter-maturity Japanese debt was also under pressure, underscored by weak demand at a sale of five-year notes that offered a record-high coupon of 2 percent. Concerns over inflation and government spending rippling through markets including the US, Australia and New Zealand are being amplified in Japan,
The US has cleared about 10 Chinese firms to buy Nvidia Corp’s second-most powerful artificial intelligence (AI) chip, the H200, but not a single delivery has been made so far, three people familiar with the matter said, leaving a major technology deal in limbo as chief executive officer Jensen Huang (黃仁勳) seeks a breakthrough in China this week. Huang, who was not initially listed in a White House delegation to Beijing, joined the trip after an invitation from US President Donald Trump, a source said. Trump picked him up in Alaska en route to a summit with Chinese President Xi Jinping
Wall Street is licking its chops over an unprecedented slate of massive initial public offerings (IPOs) set to arrive in the coming months, beginning with Elon Musk’s Space Exploration Technologies Corp (SpaceX) next month. That is expected to be followed by artificial intelligence (AI) rivals OpenAI and Anthropic PBC. The trio of mega listings, each eyeing valuations around US$1 trillion or more, constitutes a heady period of elevated risk and reward. SpaceX is targeting an IPO that would raise up to US$80 billion — about double the funds generated from all IPOs last year. OpenAI and Anthropic are eyeing IPOs raising US$60 billion. “We’re