US And Netherlands Could To Announce Export Controls Deal By End Of Jan

Dutch and US officials will meet in Washington on Friday to finalise a plan to coordinate export controls on China on high-tech components used in the manufacture of semiconductors.

• SCMP and Reuters both cite sources stating that a deal is expected before the end of the month and could be announced as soon as tomorrow.
• The Netherlands, home of ASML Holding, is seen as a key to US plans to throttle access to the semiconductor technology required by China to develop its military and high-tech sectors.
• Japan Times reported this week that Japan, the other country central to plans, will follow likely suit. LDP lawmaker Akira Amari said: “Countries like China, Russia and North Korea are vying for global hegemony, and we should never help them achieve that. We must join the U.S. in stopping exports of cutting-edge chips that can be diverted for military use and pose serious security concerns.”