The Netherlands has announced expanded export restrictions on ASML's advanced semiconductor manufacturing equipment, aligning with U.S. efforts to limit China's access to critical technologies. Dutch officials, led by Foreign Trade Minister Reinette Klever, cite national security concerns as the primary reason for these new measures. However, ASML CEO Christophe Fouquet argues that the U.S.-led campaign has become economically motivated over time and expects growing pushback against these restrictions. Despite these curbs, ASML does not foresee a significant financial impact on its 2024 outlook. China has warned that continuing these restrictions could lead to severed ties with ASML, potentially causing economic losses for the company. Dutch Prime Minister Dick Schoof emphasized the need to consider ASML's economic interests before implementing further restrictions, reflecting the complex balance between national security and economic considerations.