Close Menu
Money MechanicsMoney Mechanics
    What's Hot

    City Council Member Is Accused of Blocking New Housing With $5M Demand

    August 9, 2026

    5 Ways to Prepare for an Aging Parent’s Changing Needs

    August 9, 2026

    Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

    August 9, 2026
    Facebook X (Twitter) Instagram
    Trending
    • City Council Member Is Accused of Blocking New Housing With $5M Demand
    • 5 Ways to Prepare for an Aging Parent’s Changing Needs
    • Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend
    • Jobs report July 2026:
    • Planned Amazon data center could become the biggest climate polluter in the U.S.
    • ADNOC issues statement clarifying attacks on facilities
    • Historic Private Island Retreat in Florida Can Only Be Reached by Boat or Air
    • Dilapidated Catskills Cabin Is Turned Into a $1 Million Scandinavian Retreat
    Facebook X (Twitter) Instagram
    Money MechanicsMoney Mechanics
    • Home
    • Markets
      • Stocks
      • Crypto
      • Bonds
      • Commodities
    • Economy
      • Fed & Rates
      • Housing & Jobs
      • Inflation
    • Earnings
      • Banks
      • Energy
      • Healthcare
      • IPOs
      • Tech
    • Investing
      • ETFs
      • Long-Term
      • Options
    • Finance
      • Budgeting
      • Credit & Debt
      • Real Estate
      • Retirement
      • Taxes
    • Opinion
    • Guides
    • Tools
    • Resources
    Money MechanicsMoney Mechanics
    Home»Earnings & Companie»Tech»Europe is pushing back on Washington’s chip war
    Tech

    Europe is pushing back on Washington’s chip war

    Money MechanicsBy Money MechanicsJune 25, 2026No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Europe is pushing back on Washington’s chip war
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Dutch Trade Minister Sjoerd Sjoerdsma visited Washington this week to meet with Commerce Secretary Howard Lutnick and members of Congress to oppose the MATCH Act, a bill that would bar Chinese chipmakers from accessing Western semiconductor equipment, and one that would hit ASML especially hard.

    ASML, based in the Netherlands, is Europe’s most valuable company and the only maker in the world of the sophisticated lithography machines that are used to make cutting-edge AI chips.

    “It’s exceptional that I’m coming here to broadly outline our concerns to Congress,” Sjoerdsma told Bloomberg after the meetings. “The stakes for the Netherlands may be very high.”

    China accounts for 19% of ASML’s net system sales. The MATCH Act would go further than existing controls, extending curbs to ASML’s deep ultraviolet immersion machines on top of the long-standing ban on its most advanced extreme ultraviolet, or EUV, tools reaching China.

    As ASML CEO Christophe Fouquet told TechCrunch in May, what China can currently buy are older-generation deep ultraviolet tools — gear first shipped about a decade ago — the same machines the MATCH Act would now relegate off limits.

    The bill, introduced in April, hasn’t yet faced a full House or Senate vote; Bloomberg notes it would likely need to be folded into a larger package to pass.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleHow Much Should You Tip in 2026? A Practical Guide to Tipping
    Next Article Trump cancels bipartisan housing bill signing, tense meeting with senators
    Money Mechanics
    • Website

    Related Posts

    Planned Amazon data center could become the biggest climate polluter in the U.S.

    August 9, 2026

    I was loyal to T-Mobile for 10 years, but switching to Mint slashed my bill – by a lot

    August 8, 2026

    OpenAI says it slowed Astra model development over security concerns

    August 8, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    City Council Member Is Accused of Blocking New Housing With $5M Demand

    August 9, 2026

    5 Ways to Prepare for an Aging Parent’s Changing Needs

    August 9, 2026

    Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

    August 9, 2026

    Jobs report July 2026:

    August 9, 2026

    Subscribe to Updates

    Please enable JavaScript in your browser to complete this form.
    Loading

    At Money Mechanics, we believe money shouldn’t be confusing. It should be empowering. Whether you’re buried in debt, cautious about investing, or simply overwhelmed by financial jargon—we’re here to guide you every step of the way.

    Facebook X (Twitter) Instagram Pinterest YouTube
    Links
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy
    • Terms and Conditions
    Resources
    • Breaking News
    • Economy & Policy
    • Finance Tools
    • Fintech & Apps
    • Guides & How-To
    Get Informed

    Subscribe to Updates

    Please enable JavaScript in your browser to complete this form.
    Loading
    Copyright© 2025 TheMoneyMechanics All Rights Reserved.
    • Breaking News
    • Economy & Policy
    • Finance Tools
    • Fintech & Apps
    • Guides & How-To

    Type above and press Enter to search. Press Esc to cancel.