China Blames US for New Blow to Strategic High-Tech Industry

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China Blames US for New Blow to Strategic High-Tech Industry
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Beijing has criticized Washington for 'coercing' allied nations like the Netherlands into tightening export controls on chipmaking equipment.

China has condemned what it describes as U.S. attempts to maintain global influence following the Netherlands' move to update its export licensing requirements for certain lithography machines, further restricting China's access to older chipmaking processes.Dutch company ASML Holding NV, a leader in lithography technology, must now apply for export licenses from the Dutch government for deep ultraviolet immersion lithography systems.

' The spokesperson added that these measures pose a serious threat to the stability of global semiconductor supply chains and harm businesses' 'legitimate rights and interests.'ASML downplayed the regulatory impact, calling it a 'technical change' in a statement on Thursday. 'This announcement is not expected to have any impact on our financial outlook for 2024,' the company added.The U.S.

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