- ASML now needs a license to provide parts and software updates for Chinese customers, following new export restrictions.
- These restrictions are part of coordinated efforts between the Netherlands and the USA to limit the export of advanced technology to China.
- The new rules aim to curb China’s access to cutting-edge chipmaking technology, particularly in military applications.
Amsterdam, September 10 (FinanceFlashNews.com) – The Dutch government clarified that ASML, a leading supplier of equipment for chip manufacturers, will require a license to service its equipment in China, including the supply of spare parts and software updates. The new export restrictions, introduced on September 7, follow international efforts led by the United States to regulate the sale of advanced technologies to China.
New Export Restrictions
The restrictions also cover two additional tools that ASML uses in chip production, which were added to the Dutch government’s export control list. This move is part of national security measures, according to Reinette Klever, the Dutch Minister for Foreign Trade. The coordinated effort with the United States is aimed at slowing the technological advancement of Chinese chipmakers, especially in sectors related to military technology.
The U.S. government has been pressuring its allies to adopt similar measures, restricting China’s access to critical technologies needed for producing high-end semiconductors, which play a crucial role in advanced weaponry and military systems.
For more updates, visit FinanceFlashNews.com.
Keywords: ASML, export restrictions, China, advanced technology, chip manufacturing, Netherlands, U.S.
