Dutch Government Tightens Export Controls on Chipmaking Equipment

The Dutch government has announced expanded export restrictions on chipmaking equipment due to security risks. This move affects Dutch firm ASML, a key global player in chip machines, and aligns with U.S. policies to limit China's access to advanced chip technology. The decision is aimed at mitigating security risks posed by technological advancements.

The Dutch government is increasing export restrictions on equipment used to manufacture advanced processor chips, citing security risks, Minister for Foreign Trade and Development Reinette Klever announced Friday.

ASML, a leading global chip machine maker, faces new measures requiring government authorization to export deep ultraviolet lithography equipment outside the EU. This aligns with U.S. efforts to restrict China's access to military-use chipmaking materials.

Klever stated that the decision was driven by security concerns in the current geopolitical climate. ASML indicated that the new rules would not impact their financial outlook for 2024 or future scenarios.

(With inputs from agencies.)