The Dutch government is expanding export restrictions for processor chip machines

Date:

Share post:


THE HAGUE, Netherlands — The Dutch government is expanding export restrictions on equipment used to make advanced processor chips that can be integrated into weapons systems, a Cabinet minister announced Friday, citing security risks.

Dutch company ASML, one of the world’s leading makers of chip machines, already faced export restrictions on other machines ahead of the announcement. The measures are seen as part of a U.S. policy that aims at restricting China’s access to materials used to make chips, which can be used in military technology.

The new measure means the company will have to apply for government authorization whenever it wants to export deep ultraviolet lithography equipment to buyers outside the European Union, Minister for Foreign Trade and Development Reinette Klever said in a statement.

“I’ve made this decision for reasons of security. We see that technological advances have given rise to increased security risks associated with the export of this specific manufacturing equipment, especially in the current geopolitical context,” Klever said.

ASML said in a statement that the measure “will harmonize the approach for issuing export licenses” and said it “is not expected to have any impact on our financial outlook for 2024 or for our longer-term scenarios.”



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Argentina's crypto scandal dings Milei, involves strange mix of characters

BUENOS AIRES, Argentina -- Argentine President Javier Milei is facing a corruption probe into his promotion of...

Engineering company settles Flint water lawsuits for $53M but denies any blame for lead crisis

An engineering company has agreed to pay $53 million to settle all remaining lawsuits that accused it...

Ford recalls 240,000 Explorers, Aviators due to faulty seat belt assembly

Ford is recalling about 240,000 Explorer and Lincoln Aviator SUVs due to a problem with seat belt...

Apple drops encryption feature for UK users after government reportedly demanded backdoor access

LONDON -- Apple said Friday it will stop offering an advanced data security option for British users...

January home sales fall as high mortgage rates, prices freeze out would-be buyers

LOS ANGELES -- Sales of previously occupied U.S. homes fell in January as rising mortgage rates and...

Coinbase says SEC has agreed to dismiss case against it, pending commission approval

Coinbase says the Securities and Exchange Commission has dismissed its case against the cryptocurrency platform, pending commission...

UnitedHealth shares dive after report of US investigation into Medicare billing

UnitedHealth Group shares tumbled early Friday on a report that the U.S. Department of Justice has started...

Refugees and their sponsors feel stuck after halt to programs letting communities resettle newcomers

MIAMI -- Refugees had been arriving in the United States at levels unseen in nearly three decades,...