Dutch officials reiterated that they would not blindly comply with US export control measures against China

Nov 23,2022

According to Bloomberg, the Dutch Trade Minister Liesje Schreinemacher recently said that the Netherlands will defend its national security and economic interests when selling chip equipment to China. This further proves that the Netherlands refused to comply after the United States negotiated that the Netherlands should take the same chip control measures against China.

Schreinemacher said that the Netherlands would make its own decision on ASML's sale of chip equipment to China in the trade rules negotiations with the United States and other allies. "It is important that we defend our own interests - our national security and economic interests. If we put it in the EU basket and negotiate with the United States, the final result is that we send the deep UV lithography machine to the United States, our situation will be worse."

Schreinemacher said in an interview last Friday that the Netherlands would not completely copy the measures of the United States and would make its own assessment after consultations with the United States, Japan and other allies.

According to the data, ASML was founded in 1984 and now has more than 35000 employees. As a global leader in photolithography technology, ASML currently holds more than 60% of the global photolithography market share, and is also the only manufacturer in the world that can supply EUV (extreme ultraviolet) photolithography for advanced processes at 7nm and below. Therefore, the Netherlands will be the key to the science and technology war.

According to ASML's 2021 annual financial report, Chinese Mainland has become the third largest market, accounting for 14.7% of its global turnover in 2021 (i.e. 2.7 billion euros). In 2021, Chinese Mainland's shipments accounted for 16% of its global shipments. The Netherlands hopes to maintain China as a major market.