From Breakingviews - Chip dilemma will buy Beijing precious time
Curbs would be painful for the Veldhoven-based company: 2.7 billion euros, or 15% of total revenue, came from the People's Republic in 2021. Rival NikonSlowing demand is another worry: Total chip sales will shrink 4% to $557 billion in 2023, a sharp reversal from the 26% growth in 2021,That will probably make companies wary of quickly and fully embracing Washington's requests. The hesitancy will play in China’s favour.
The two governments are likely to announce in coming weeks they will adopt "at least some" of Washington’s restrictions, the report added. In November, Dutch Trade Minister Liesje Schreinemacher confirmed the Netherlands was in talks with the U.S. government about new export restrictions. In an interview with local newspaper NRC, she said her government would likely introduce new export controls, but that it would “not copy the American measures one-to-one”.
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