The U.S. government’s latest push to block Dutch tech giant ASML from exporting advanced chip-making machines to China has sparked debate—and backfired spectacularly, experts say. Despite Washington’s pressure, ASML’s CEO Peter Wennink warns: “The more you pressure China, the harder they’ll innovate.” 🧠💡
Since 2018, the U.S. has leaned on allies like the Netherlands to curb China’s semiconductor growth. But the Dutch initially resisted, with Trade Minister Liesje Schreinemacher insisting they’d “make our own assessment.” Recent moves to revoke ASML’s export licenses, however, reveal escalating U.S. tactics to slow Beijing’s progress—even costing ASML billions in lost sales. 💸
Analysts say the strategy is rooted in fear. A 2023 study predicts China could dominate global chip production by 2030, with East Asia producing 75% of the world’s semiconductors. “U.S. factories cost 50% more to build than China’s,” the report notes, raising alarms in Washington. 🔍📉
But stifling China’s tech ambitions may be impossible. ASML’s Wennink warns that export bans will only speed up China’s self-reliance: “In 15 years, they’ll do it all themselves.” Meanwhile, U.S. actions risk alienating allies and hurting global tech supply chains. 🤝🌐
China’s semiconductor industry? Still charging ahead. 💨🇨🇳
