China Criticizes US MATCH Act Amid Trump-Xi Summit
China's foreign ministry has condemned the US MATCH Act, which imposes stricter controls on semiconductor equipment exports. The legislation requires Japan and the Netherlands to align their export rules within 150 days, potentially disrupting the global semiconductor supply chain.
The US MATCH Act aims to enforce stricter controls on semiconductor manufacturing equipment, requiring Japan and the Netherlands to align their export regulations within 150 days. This act, which includes provisions against companies like SMIC and Huawei, could significantly impact existing supply chains and decrease ASML's revenue from China to around 20% by 2026.
The bill received bipartisan support in Congress and is advancing quickly, with strong criticisms from China regarding its implications for international trade. As geopolitical tensions rise, ASML's position as a leading supplier of EUV lithography systems complicates the situation, making its operations in China critical for both US and Chinese interests. The outcome of this legislation could reshape the semiconductor landscape globally, affecting investment and technological competition.
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