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Netherlands to Impose More Curbs on ASML's China Operations

Aug 29, 2024, 10:38 AM

The Netherlands is planning to impose additional restrictions on ASML Holding N.V.'s operations in China, specifically targeting the company's ability to repair and maintain its semiconductor equipment. This move is seen as a significant setback for China's ambitions to advance its chip industry. The Dutch government's decision may involve not renewing licenses for ASML, further complicating Beijing's efforts to develop a world-class semiconductor sector. The restrictions are part of broader measures by Western countries to limit China's access to advanced technology.