Sjoerdsma held meetings with Commerce Secretary Howard Lutnick and various members of Congress to voice concerns over the potential impact on European industry. China currently represents 19% of ASML’s net system sales. While the company is already prohibited from exporting its most advanced extreme ultraviolet tools, the new bill would extend restrictions to include deep ultraviolet immersion machines.
In section Startups & Technology
Netherlands challenges US semiconductor restrictions
Dutch Trade Minister Sjoerd Sjoerdsma traveled to Washington this week to lobby against the proposed MATCH Act, a bill threatening to sever Chinese access to essential semiconductor equipment. The legislation poses a direct economic risk to ASML, the Netherlands' most valuable company and the world’s sole provider of critical lithography systems.
ASML CEO Christophe Fouquet previously noted that these older-generation tools, which have been in circulation for a decade, remain vital to the Chinese market. Should the MATCH Act pass, it would effectively strip ASML of this revenue stream. Introduced in April, the legislation has yet to reach a floor vote in either the House or Senate, and observers suggest its passage likely depends on being integrated into a broader legislative package.
Comments (0)
No comments yet. Be the first!