ASML Warns Excessive Export Controls Could Inflate Chip Costs
- CEO says controls could affect chip availability, supply chain
- The Netherlands may tighten China chips export controls soon
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ASML Holding NV Chief Executive Officer Peter Wennink warned excessive control measures could lead to higher costs for chipmakers, as the US asks allies from Japan to the Netherlands to help limit China’s access to critical semiconductor technologies.
The Netherlands and Japan, home to key suppliers of semiconductor manufacturing equipment, are close to joining a Biden administration-led effort to curb exports of the technology to China, Bloomberg News has reported. ASML potentially faces more limitations on its sales to Chinese customers as the US seeks to undermine Beijing’s ambition to build a self-sufficient supply chain.