Europe joins the US in its chip war with China | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Europe’s biggest producer of advanced chipmaking technology has joined the United States in its escalating standoff with China

. The Netherlands announced Wednesday, via a letter from its trade minister to parliament, that new restrictions on overseas sales of semiconductor technology were needed to protect national security. While the letter didn’t name ASML Holdings, Europe’s biggest tech firm, the curbs will affect the Dutch company, which is a key supplier to global chipmakers, including those in China.

It also restricted the ability of American citizens to provide support for the development or production of chips at certain manufacturing facilities in China. Chips are vital for everything from smartphones and self-driving cars to advanced computing and weapons manufacturing. Veldhoven-based ASML is a global leader in the production of lithography machines, which employ light to print patterns on silicon.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Gawd

The U.S. gave us an offer we can not refuse.

Europe? Do not oversimplify it for the feeble minds. Do wonder how much the USA is going to compensate ASML for the loss of revenu. So much for their free market speeches, or is it about controlling the world. And The Netherlands government fell for it? 🤷🏻‍♂️

Well we need all the biggest chip makers to join together and build a huge factory in the USA so we can become the go to country for chips

Bye China 👋 👋 👋

Surely not a capitalist company who would have sold out to the Chinese government

Great, Europe is finally willing to help the United States consolidate its dominance over the world. This is the war between civilizations, the beginning of the most magnificent and glorious epic war in human history

They will not succeed.

If you're losing, just change the rules.

so who will win in the end

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines