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    Home»News»Japan, Netherlands to join U.S. in restricting chip equipment exports to China-Bloomberg
    News

    Japan, Netherlands to join U.S. in restricting chip equipment exports to China-Bloomberg

    MOBILITY INDIABy MOBILITY INDIAJanuary 27, 2023Updated:January 27, 2023No Comments2 Mins Read
    Japan, Netherlands to join U.S. in restricting chip equipment exports to China-Bloomberg
    Japan, Netherlands to join U.S. in restricting chip equipment exports to China-Bloomberg
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    Japan and the Netherlands will soon agree to join the United States in restricting exports of semiconductor manufacturing equipment to China.

    Talks between the countries will conclude as early as Friday, with the Netherlands restricting ASML Holding NV from selling machines to China used to make certain types of advanced chips, Bloomberg reported, citing people familiar with the matter.

    Deputy Chief Cabinet Secretary Seiji Kihara, a government spokesperson, said Japan would make “appropriate steps” based on the United States’ and other nations’ regulatory moves. He declined to comment further when asked about the report at a Friday afternoon media briefing.

    The Dutch foreign ministry declined comment. Prime Minister Mark Rutte, who has said he expects to reach agreement with the United States and other allies on stricter controls but that the Netherlands will not simply adopt U.S. rules, will take questions at his weekly news briefing later on Friday.

    Sources have told Reuters that a deal between Dutch and U.S. officials could be clinched by the end of the month as representatives from the two countries meet in Washington.

    Getting the Netherlands and Japan to impose tighter export controls on China would be a major diplomatic win for U.S. President Joe Biden’s administration, which in October announced sweeping restrictions on Beijing’s access to U.S. chipmaking technology to slow its technological and military advances.

    “We have been in discussion with the United States and other countries regarding the export-control regime,” Yasutoshi Nishimura, Japan’s Minister of Economy, Trade and Industry, told reporters on Friday.

    “We will implement any measures in accordance with our Foreign Exchange Law and through international cooperation,” he added, declining to provide further details.

    While Nikon could be affected, the Japanese company most likely to be affected by new restrictions will be chip manufacturing machinery maker Tokyo Electron, which relies on China for about a quarter of its sales, said Masahiko Hosokawa, a Meisei University professor and former director general of trade control at the ministry.

    (Reuters Bloomberg News)

     

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