alt Hacker NewsI imagine if the current administration does, Europe could retaliate by withholding ASML’s tech or even doing a mass sell off of US treasuries. Europe is admittedly not in a position of strength compared to the US, but there are still a lot of levers they can pull.
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> In 1997, ASML began studying a shift to using extreme ultraviolet and in 1999 joined a consortium, including Intel and two other U.S. chipmakers, in order to exploit fundamental research conducted by the US Department of Energy. Because the Cooperative Research and Development Agreement (CRADA) it operates under is funded by the US government, licensing must be approved by Congress.
> I imagine if the current administration does, Europe could retaliate by withholding ASML’s tech […]
There is a bit of M.A.D. scenario: a bunch of components in ASML machines (like EUV light generation?) come from US companies. Also, the two main chip CAD software vendors (duopoly) are in the US.
The EU could also cut US access to clearing houses (Clearstream / EuroClear) or the SWIFT payment system.
> retaliate by withholding ASML’s tech
The problem is that the core technology that makes ASML's tech valuable is the EUV light source which is entirely designed, developed, and manufactured by Cymer in California, which is a US company that ASML acquired in 2013. That acquisition was permitted only under strict technology sharing and export-control agreements.
I have no doubt that this administration would forcefully "take back" Cymer if the EU tried to restrict access to ASML lithography machines. They would force a sale back to US ownership, TikTok-style.