US Poised for Dutch, Japanese Help on China Chip Crackdown
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US Poised for Dutch, Japanese Help on China Chip Crackdown
(Bloomberg) -- The Netherlands and Japan, home to key suppliers of semiconductor manufacturing equipment, are close to joining a Biden administration-led effort to restrict exports of the technology to China and hobble its push into the chips industry.
Most Read from Bloomberg
The Dutch and Japanese export controls may be agreed to and finalized as soon as the end of January, according to people familiar with the matter. Japan’s prime minister, Fumio Kishida, and the prime minister of the Netherlands, Mark Rutte, discussed their plans with US President Joe Biden at the White House earlier this month.
“I’m fairly confident that we will get there,” Rutte said Thursday in an interview with Bloomberg News on the sidelines of the World Economic Forum in Davos, Switzerland.
The Hague and Tokyo likely won’t go as far as Washington’s restrictions, which not only limit exports of American-made machinery but also impede US citizens from working with Chinese chipmakers. Even so, Beijing may find itself even more cut off from either the technology or know-how it needs to build the most advanced kinds of semiconductors once all three countries act.
While the US is home to the biggest group of chip-gear makers, the Netherlands boasts ASML Holding NV, which controls the market for lithography technology that’s one of the most important steps in producing the electronic components. Japan’s Tokyo Electron Ltd. is a major rival to US companies in other types of machinery. Without access to their state-of-the-art products and those supplied by US firms Applied Materials Inc., Lam Research Corp. and KLA Corp., Chinese companies would find it almost impossible to build production lines capable of the most advanced chip manufacturing, analysts say.
- Reuters
Dutch export rules on China in focus ahead of ASML results
Expectations that the Dutch government will further limit sales to China by chip equipment giant ASML Holding NV may overshadow what are expected to be strong fourth quarter results due next week. The Hague is expected to impose at least some additional restrictions on ASML's exports to China, a Dutch government source familiar with security discussions between the United States and Netherlands told Reuters, though they could not give a timeframe. ASML, a key supplier to chipmakers, generates about 15% of its sales in China, an important growth market even after it was restricted from selling its most advanced machines there under U.S. pressure in 2019.
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