Investment will be made, but how many years will it take for the facility to become operational?
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Micro Electronics and Rare Earth Elements Sectors
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Japan’s Proterial bets big on India with ₹2,250 crore rare earth manufacturing facility in Andhra Pradesh
India is set to strengthen its position in the rare earth manufacturing sector with a major investment from Japanese materials company Proterial. The company plans to establish a permanent magnet manufacturing facility in Andhra Pradesh with an investment of ₹2,250 crore. The project is expected...
Japan company to set up rare earths magnet unit in Andhra Pradesh
Japan's Proterial will invest ₹2,250 crore to build a rare earth magnet plant in Andhra Pradesh. This facility will produce vital components for electric vehicles and wind turbines. The move aims to boost India's local rare earth value chain. It also reduces dependence on Chinese sources. This...
ASML denies selling EUV chipmaking tool to China after report of US concern
Chip-equipment maker ASML (ASML.AS), opens new tab said on Friday it had never shipped an extreme ultraviolet (EUV) lithography machine to China, after a report that U.S. officials were concerned one of the company's most advanced tools may have reached the country.
"ASML has never shipped an EUV machine to China nor have we shipped to China any component, module or equipment specially designed to be used in an EUV machine," the chipmaker told Reuters in an emailed statement.
Bloomberg News earlier reported that U.S. Commerce Secretary Howard Lutnick had raised concerns that ASML's extreme ultraviolet lithography, or EUV machines, may have reached China in violation of U.S.-led export restrictions.
Lutnick expressed the concerns to senior leaders of the Dutch company in a series of meetings, the report added.
ASML said it has refuted allegations regarding non-compliance with export controls concerning China, adding that it has "consistently adjusted its business to any development in export controls to comply to any new rules".
ASML's most advanced EUV systems are roughly the size of a school bus and weigh 180 tons.
"When it comes to the export of semiconductor manufacturing equipment, the Netherlands works with clear rules and control lists, based on the European Dual-Use Regulation and additional national measures," the Dutch Ministry of Foreign Affairs said in an emailed statement.
"All equipment, components and technology that explicitly fall under these rules require a licence," the ministry said, adding that it enforces this policy very strictly and "steps in where necessary".
The U.S. Commerce Department and the White House were not immediately available for comment outside business hours when contacted by Reuters.
In April, Washington proposed a law requiring U.S. allies to align with its export controls to curb China's ability to make advanced semiconductors, with equipment made by ASML named in the legislation.
Reuters reported in December that Chinese scientists have developed a prototype of an EUV machine that was built by a team of former engineers from ASML, an effort described as China's version of the Manhattan Project.
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Given that China is on the verge of a breakthrough in EUV technology, running such propaganda now could lead those unfamiliar with the field to believe that the subsequently unveiled domestically produced Chinese EUV machine is yet another product of 'technology theft.'
