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China's imports of lithography machines from the Netherlands were valued at $2.586 billion from January to July, up by 64.8% year-on-year and higher than ASML's sales forecast in China for the whole year.
China’s Ministry of Commerce (MOC) spokesperson expressed dissatisfaction with the Netherlands announcing new export controls on DUV lithography systems targeting China.
KMWE has opened a plant in China, producing the same products as KMWE's facility in Malaysia, but with a specific focus on catering exclusively to the Chinese market.
Chinese Vice-President Han Zheng met with the head of Dutch chip equipment giant ASML in The Hague during his three-day visit to the Netherlands from May 10 to 12.
Commerce Minister Wang Wentao met Dutch chip-making equipment maker ASML's CEO Peter Wennink on March 28. They exchanged views on ASML's development in China and other issues.
ASML released a statement on March 8 in response to the Dutch government's decision on the same day and will impose new export controls on semiconductor technology to China before the summer.
The United States has secured a deal with the Netherlands and Japan to restrict exports of some advanced chip-making machinery to China in talks that concluded on January 27, Bloomberg reported.
The chief executive of ASML, the Dutch semiconductor equipment maker, questioned whether a US push to get the Netherlands to adopt new rules restricting exports to China make sense on December 13.
China is working on a more than RMB1 trillion ($143 billion) support package for its semiconductor industry in a major step towards self-sufficiency in chips and to counter US moves aimed at slowing its technological advances.
China's imports of IC equipment from the Netherlands increased from $159.07 million to $336.73 million, a 111.69% increase over the same period last year.