Categories: Economy

China Warns Netherlands: No Abuse of Chips Export Restrictions Related Articles

China has urged the Netherlands not to abuse export restrictions on chip industry products. This was stated in a statement by the Chinese Ministry of Commerce. Beijing appears to be responding to Dutch chip machine maker ASML’s export restrictions to China.

For example, Minister Liesje Schreinemacher (External Trade) announced yesterday that ASML will no longer be allowed to export certain chip machines to China from September. Already in March it was known that this export restriction would come. It was then revealed that a national permit requirement would apply to certain ASML machines, including the more advanced DUV machines.

ASML is a world leader in the development of chip machines. The Veldhoven-based company does not expect the restrictions to have a significant impact on its financial results. ASML has been dealing with export restrictions for a long time: the most modern EUV machines cannot be exported to China for some years.

China has urged the Netherlands not to abuse export restrictions on chip industry products. This was stated in a statement by the Chinese Ministry of Commerce. Beijing appears to be responding to Dutch chip machine maker ASML’s export restrictions to China. (PA/Xinhua News Agency)

The export restriction has come under pressure from the US government. The US announced last year it would export less chip technology to China, out of fear it could be used for military purposes. China also expressed its dissatisfaction in March but has yet to take any action against the Netherlands. However, the matter was allegedly discussed “often and at different levels,” the statement said.

The Chinese embassy in The Hague said yesterday it saw the restriction as an “abuse of export control mechanisms” that “severely disrupts” the rules of free trade.

Author: ap
Source: BNR

Share
Published by
Andrew

Recent Posts

Miss Switzerland candidate accuses Trump of sexual assault

A former Miss Switzerland candidate is accusing Donald Trump of “bumping” her at a meeting…

6 months ago

10 fun facts about Italian classics – or did they come from China?

Friday is pasta day—at least today. Because October 17th is World Pasta Day. It was…

6 months ago

Lonely Planet recommends Valais for travelers

The Lonely Planet guide recommends Valais as a tourist destination next year. The mountain canton…

6 months ago

Lonely Planet recommends Valais for travelers

The Lonely Planet guide recommends Valais as a tourist destination next year. The mountain canton…

6 months ago

Kamala Harris enters media ‘enemy territory’ – that’s what she did at Fox

Kamala Harris gave an interview to the American television channel Fox News, which was not…

6 months ago

One Direction singer Liam Payne (31) died in Buenos Aires

The British musician attended the concert of his former bandmate in Buenos Aires. The trip…

6 months ago