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