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International Business Times
International Business Times

A Dutch Chipmaker's Balancing Act Between Washington And Beijing

ASML Washington D.C. China Beijing United States Van der Putten Netherlands Hague Nexperia Pax Silica
A US bill would cut Dutch chipmaker ASML off from its Chinese customers and give allies 150 days to comply. The Hague is doing neither.

On 7 July, Dutch Trade Minister Sjoerd Sjoerdsma arrived at China's Ministry of Commerce with 17 companies behind him. Chipmaking giant ASML was one of them. By day's end, the two governments had agreed on a China-Netherlands Business Council.

Two weeks earlier, the same minister was in Washington D.C., warning U.S. Congress that a bill on their desks could gut that European company's business in China.

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