US Implements New Export Curbs on ASML Machines, Further Squeezing China's Chip Ambitions

The Netherlands is set to impose tougher export controls on shipments of ASML's advanced semiconductor equipment to China, following pressure from the United States. The move comes as the US seeks to limit China's access to key technologies amid concerns over intellectual property theft and national security. ASML, a Dutch company and a global leader in lithography systems, has been a key supplier to China's semiconductor industry, but the new restrictions could impact its business and disrupt China's efforts to develop its domestic chip manufacturing capabilities.