In a significant move to bolster the global semiconductor industry, China and the Netherlands have engaged in detailed discussions aimed at enhancing their trade cooperation. During a meeting in Beijing, China's Commerce Minister Wang Wentao emphasized the importance of ensuring the uninterrupted trade of lithography machines, a critical component in semiconductor manufacturing.
The discussions, which took place on Wednesday, saw an in-depth exchange between Minister Wang and Dutch Minister for Foreign Trade and Development Cooperation Geoffrey van Leeuwen. Both leaders focused on strategies to support the export of lithography machines and explore avenues to strengthen bilateral cooperation within the semiconductor sector.
Wang lauded the Netherlands as a dependable economic and trade partner, advocating for the upholding of contractual obligations to maintain the stable global semiconductor supply chain. He highlighted the mutual benefits of sustained and healthy bilateral economic relations for the global tech industry.
Responding to China's stance, Minister van Leeuwen affirmed the Netherlands' commitment to being a reliable partner. He clarified that Dutch export controls are determined through independent assessments and are not targeted at any specific country. The Netherlands aims to minimize the impact of these controls on the global semiconductor supply and industrial chains, ensuring they are managed safely and effectively.
This collaboration underscores the pivotal role both nations play in the semiconductor industry, a backbone of modern technology spanning electronics, automotive, and beyond. By working together, China and the Netherlands aim to foster innovation and stability within the global tech landscape.
Reference(s):
cgtn.com
