Europe is pushing back on Washington’s chip war
AI-summarised brief · reviewed before publication
Dutch Trade Minister Sjoerd Sjoerdsma met with US officials to oppose the MATCH Act, a bill barring Chinese chipmakers from accessing Western semiconductor equipment. The bill would heavily impact ASML, a Dutch company and Europe's most valuable, which relies on China for 19% of its net system sales. ASML is the only maker of sophisticated lithography machines used for cutting-edge AI chips. The MATCH Act would extend curbs on ASML's equipment sales to China, including older-generation machines. The bill has not yet faced a full House or Senate vote and may need to be part of a larger package to pass, with Sjoerdsma outlining concerns to Congress.
💡 Why It Matters
- · The MATCH Act's passage would jeopardize ASML's sales and hinder Europe's semiconductor industry.
- · It would also escalate tensions between the US and Europe over chip exports to China.