The Netherlands will restrict ASML from selling advanced chimaking equipment to China, while Japan would impose similar restrictions on Nikon Corp, media reports said

If the two sides can agree on the details, a deal could be announced as soon as Friday, two sources have said

China was among the biggest markets in 2022 for Europe's largest technology company, as it beat analyst forecasts to report fourth-quarter net profit of 1.82 billion euros ($2 billion)

Washington had expected the Netherlands to follow suit after it imposed China export restrictions on its own chip equipment companies last year but The Hague is drafting up its own response

The second-largest chipmaker in China after SMIC, Hua Hong will produce 300mm (12-inch) semiconductor wafers at the factory

Taiwan’s Economy Ministry said that while Foxconn had breached regulations, there was no concern about an ‘outflow of technology’

Macau has been a Special Administrative Region of China since 1999 when its Portuguese administration returned it to Chinese sovereignty

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors

A top Dutch official said the US had 'justified worries' about over-reliance on Asia but the country 'won't sign on the dotted line' without consulting its allies

The US sees the participation of other top producers of chipmaking equipment as essential to making its sweeping chip export controls against China effective

Japanese Prime Minister Fumio Kishida is set to meet US President Joe Biden on Friday, with a focus on chip export controls, critical technologies, global economy and joint security issues