could not disclose results of U.S. chip export management talks

AMSTERDAM (Reuters) – The Netherlands’ Prime Minister Mark Rutte mentioned on Friday that it isn’t clear whether or not his authorities will disclose the results of ongoing talks with the U.S. over new export restrictions for the semiconductor trade.

U.S. officers have mentioned they count on the Netherlands and Japan quickly to undertake restrictions just like these launched for U.S. firms in October, aimed toward hobbling China’s home chipmaking trade. A Dutch delegation is within the U.S. on Friday for talks.

Netherlands-based ASML Holding, a key provider to chipmakers, might see a minimum of a few of its $2.4 billion in annual gross sales to China affected by the choice.

“These talks have been occurring for a very long time and we’re not saying something about it,” Rutte mentioned. “It is actually doubtful that if one thing comes out of them, that will probably be very seen. We’ll should see.”

Requested whether or not ASML wouldn’t should be knowledgeable of the choice so as to implement new restrictions, Rutte mentioned authorities communications with the corporate “are additionally non-public.”

ASML CEO Peter Wennink informed Reuters on Wednesday Chinese language chipmakers are already adjusting their plans to account for brand new restrictions seen as doubtless and he expects gross sales to China to be flat in 2023 whereas ASML group gross sales rise by 25%.

Rutte’s authorities has beforehand signalled it intends to achieve some settlement with the U.S. over export controls, however that it’s going to not merely undertake the U.S. guidelines.

Rutte mentioned on Friday the talks have been ongoing with “many nations” and that they’re aimed toward sustaining technological management, and stopping “the very best expertise be utilized in defence programs the place you do not need it.”

“But additionally how do you guarantee on the identical time that you do not injury provide strains,” he mentioned.

(Reporting by Stephanie van den Berg, Toby Sterling, Charlotte Van Campenhout, Enhancing by Louise Heavens)

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