Europe is pushing back on Washington’s chip war
Key takeaways
- ASML, based in the Netherlands, is Europe s most valuable company and the only maker in the world of the sophisticated lithography machines that are used to make cutting-edge AI chips.
- It s exceptional that I m coming here to broadly outline our concerns to Congress, Sjoerdsma told Bloomberg after the meetings.
- China accounts for 19% of ASML s net system sales.
Why this matters: a development in AI with implications for how people work, create, and decide.
Dutch Trade Minister Sjoerd Sjoerdsma visited Washington this week to meet with Commerce Secretary Howard Lutnick and members of Congress to oppose the MATCH Act, a bill that would bar Chinese chipmakers from accessing Western semiconductor equipment, and one that would hit ASML especially hard.
ASML, based in the Netherlands, is Europe s most valuable company and the only maker in the world of the sophisticated lithography machines that are used to make cutting-edge AI chips.
It s exceptional that I m coming here to broadly outline our concerns to Congress, Sjoerdsma told Bloomberg after the meetings. The stakes for the Netherlands may be very high.