Netherlands blocks ASML from exporting chipmaking machines to China following US export restrictions

News Snapshot:

In a major development that will further strain the already tenuous relationship between China and the US, Dutch chip machine manufacturer ASML has revealed that the Government of the Netherlands has partially revoked its export license, which is impacting the shipment of specific chip-making equipment to China. This move comes in response to US export restrictions, further complicating the already tense dynamics of international, as per a Reuters report. The Veldhoven-based company highlighted that the affected shipments notably include specific lithography systems crucial for chip manufacturing. Specifically, the Dutch government has recently decided to partially revoke the license for the...