In response to the new Dutch export rules for ASML chipmaking equipment, announced on Friday, the Chinese Commerce Ministry said the country is “dissatisfied” with the decision. In a statement, China accuses the US of purposefully coercing “countries to tighten…
The Dutch government has revoked ASML’s export license to supply some advanced chip machines to China as early as 2023, when it would formally apply only from this year. This unexpected move, influenced by US pressure, concerns some of the…
ASML’S booth at the China International Import Expo was thronged by visitors, including government agency delegates dressed in black, South China Morning Post reported earlier this week. The Dutch chip equipment maker displayed a timeline of their China business development…
Peter Wennink, CEO of ASML, was a guest on the Dutch news tv program Nieuwsuur yesterday. He emphasized the need for knowledge migrants and warned of the economic consequences of isolating China. Wennink argues that excluding knowledge migrants and export…
ASML, the Dutch manufacturer of chip machines, is seeing remarkable growth in sales to China. Where other markets are hesitant, China’s share of ASML’s total sales rises from 10 to 24 percent, ASML top executive Peter Wennink announced earlier this…
In our Sunday newsletter, we, as editors, look back on the past seven days. We do this on the initiative of our cartoonist Albert Jan Rasker. He picks a subject, makes a drawing, and we take it from there. An…
It was expected for a while, but now it is official: the Dutch cabinet is imposing new restrictions on ASML‘s export of chip machines to China. Minister Schreinemacher for Foreign Trade and Development Cooperation announced the decision today. In doing…
Asia Society France hosted an expert discussion exploring how the Dutch lithography supplier ASML navigates the rising geopolitical tensions between the U.S. and China. Speakers in Paris included Pengfei Chen, a management consultant focused on enterprise digital transformation; Pierre Haski,…
ASML published its third-quarter figures yesterday. Orders decreased significantly from €5.6 billion to €2.6 billion, leading to a historic share price drop and the temporary halting of trading. After the publication of the quarterly figures, ASML shares fell 16%. It…
The Netherlands is introducing stricter export rules for ASML’s sales of advanced chip machines, aligning with U.S. policy. This decision, aimed at containing technological risks and protecting national security, now requires ASML to apply for export permits from the Dutch…