Dutch authorities have partially revoked an export license for some of ASML's machines to China, leading to a 2.5% drop in ASML shares. This action follows US government pressure aimed at limiting China's chip-making capabilities. The move is part of a broader effort by the US, Netherlands, and Japan to restrict chip-making technology exports to China. The Netherlands' decision comes after a tenfold surge in China's imports of Dutch chip-making equipment in November, driven by Washington's tightened restrictions. ASML, a top tech firm, faces criticism from Beijing following the export license revocation.
Netherlands Blocks ASML Exports of Some Chip-Making Equipment to China - WSJ https://t.co/W1w215vcJR
China’s imports of Dutch chip-making equipment surged tenfold in November after Washington tightened restrictions “The Netherlands lithography machines, used to make the world’s most advanced chips, almost all of which come from one firm, ASML.” https://t.co/gzbvkKptCF
The #US, #Netherlands and #Japan have imposed #export restrictions on various types of chip making technology to limit #China from building advanced #semiconductor chips and manufacturing equipment, @raji143 https://t.co/DZ5VZ8xtwE
WATCH: Computer chip equipment maker ASML's shares fell 2.5% on the first trading day of 2024 following Netherlands partially revoking an export license for the shipment of some of its machines to China https://t.co/hn5NggnkQE https://t.co/R0lhjx1FPD
Computer chip equipment maker ASML's shares fell 2.5% on the first trading day of 2024 following Netherlands partially revoking an export license for the shipment of some of its machines to China https://t.co/rDWB6iw7Zq https://t.co/4wbi8kRXep
WATCH: ASML shares dropped after the Dutch government pulled an export license for some machines that, after US government pressure aimed at undermining China's ability to make its own chips, had required a Dutch license since September 2023 https://t.co/hn5NggmN16 https://t.co/sGjIB1bw9x
ASML shares dropped after the Dutch government pulled an export license for some machines that, after US government pressure aimed at undermining China's ability to make its own chips, had required a Dutch license since September 2023 https://t.co/rDWB6iw7Zq https://t.co/agFXWlTQRo
WATCH: Dutch authorities have cracked down on what Europe's top tech firm can send to China. Computer chip equipment maker ASML said the Netherlands had partially revoked an export license https://t.co/hn5NggmN16 https://t.co/ZQV2RG2MJq
Dutch authorities have cracked down on what Europe's top tech firm can send to China. Computer chip equipment maker ASML said the Netherlands had partially revoked an export license https://t.co/rDWB6iwFOY https://t.co/PqZXaDJ3M5
WATCH: Computer chip equipment maker ASML said the Dutch government had partially revoked an export license for the shipment of some of its machines to China, prompting a slide in shares and criticism from Beijing https://t.co/hn5NggnkQE https://t.co/USe2OeiYXb