Europe joins the US in its chip war with China

Europe’s biggest producer of advanced chipmaking technology has joined the United States in its escalating standoff with China. The Netherlands announced Wednesday, via a letter from its trade minister to parliament, that new restrictions on overseas sales of semiconductor technology were needed to protect national security. While the letter didn’t name ASML Holdings, Europe’s biggest tech firm, the curbs will affect the Dutch company, which is a key supplier to global chipmakers, including those in China. The announcement marks the first public move by the Dutch government toward adopting rules,...