Japan, Netherlands to join U.S. in restricting chip equipment exports to China, Bloomberg reports

Japan and the Netherlands will soon agree to join the United States in restricting exports of semiconductor manufacturing equipment to China, according to Bloomberg

Talks between the countries will conclude as early as Friday, with the Netherlands restricting ASML Holding NV

Sources have told Reuters that a deal between Dutch and U.S. officials could be clinched by the end of the month as representatives from the two countries meet in Washington on Friday.Getting the Netherlands and Japan to impose tighter export controls on China would be a major diplomatic win for U.S. President Joe Biden's administration, which in October announced sweeping restrictions on Beijing's access to U.S. chipmaking technology to slow its technological and military advances.

While Nikon could be affected, the Japanese company most likely to be affected by new restrictions will be chip manufacturing machinery maker Tokyo Electron, which relies on China for about a quarter of its sales, said Masahiko Hosokawa, a Meisei University professor and former director general of trade control at the ministry.

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