Dutch semiconductor giant ASML disclosed that cutting-edge chip manufacturing machines have been barred from export to China, citing the Dutch government's recent license revocation impacting select customers.
The move follows reported US pressure in the semiconductor sector, where global geopolitics is influencing access to advanced technology.
The United States, expressing concerns over potential military applications, tightened export restrictions on AI chips in October, prompting intervention with ASML and the Dutch government.
Beijing criticised the US for "bullying behaviour" and warned of consequences, while ASML assured minimal financial impact despite a 1.6 percent drop in its stock shares.
Additionally, there are apprehensions about potential Chinese export controls on critical rare earth metals essential for semiconductor production.
China had previously announced halting the export of certain rare earth metal processing technologies.
