9,031.64 TRY BIST 100 BIST 100
4.91 CNY CNY CNY
34.25 USD USD USD
37.57 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.80 TRY Interest Interest
79.74 USD Fossil Oil Fossil Oil
31.49 USD Silver Silver
4.45 USD Copper Copper
109.32 USD Iron Ore Iron Ore
367.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,910.16 TRY Gold (gr) Gold (gr)

Netherlands restricts exports of chip manufacturing equipment

The Dutch government has extended export control measures for chip manufacturing machines.

Netherlands restricts exports of chip manufacturing equipment

Effective September 1, 2023, new restrictions require advance licensing for the shipment of chip manufacturing equipment outside the European Union (EU). This measure was taken in view of the critical role of these machines in the production of advanced military technologies and the negative impact of uncontrolled exports on national security.

Reinette Klever, Minister of Foreign Trade and Development Cooperation, stated that the new chip machines are used in the production of advanced military vehicles, “For reasons of national security, these machines can only be exported with a license. This is how the Council of Ministers controls who gets their hands on these machines.” It was also emphasized that even old machines can produce high-tech chips and therefore an export license is required for old machines.

Netherlands-based ASML said that the government's restrictions will not have a serious impact on the company's financial situation or long-term policies. However, these measures are expected to affect exports, especially to China and Russia. Europe and the US are concerned about the economic and military threats posed by China's acquisition of advanced chips from ASML and similar companies.

According to Trouw newspaper, the microchips used in Russia's weapons production are produced with old ASML machines, while Russian arms companies usually provide the necessary parts for these machines through intermediaries in China. These developments show that companies exporting chip machines from the Netherlands are looking for ways to circumvent the sanctions.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Rising steel prices in China could benefit Indian steelmakers

Tuesday, October 8, 2024

India’s steel imports increased by 41% in April-September 2024

Tuesday, October 8, 2024

Formosa Ha Tinh Steel increases HRC prices for December shipments

Tuesday, October 8, 2024

Yemen rebar prices rise by more than 50 dollars after surprise Chinese decision

Tuesday, October 8, 2024

Indonesian mining company acquires 30% stake in smelter owned by subsidiary of Tsingshan Group

Tuesday, October 8, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now