Following the U.S., hit by supply chain retaliation, now the Netherlands is full of regret!
On October 26, Hong Kong's Ming Pao reported: "The Netherlands once followed the U.S. in imposing a lithography technology blockade against China, but now it has fallen into a dilemma because its core materials are controlled by China. ASML relies on Chinese rare earths to manufacture magnetic levitation tables and lenses. Its inventory of neodymium-iron-boron magnets is only enough to last for 8 weeks, half of the production line is shut down, astronomical orders cannot be delivered, the daily idling cost is astonishing. China monopolizes 93% of high-end rare earth magnets. The alternative solutions from the U.S. and Australia are far too late to help. The Netherlands lost the Chinese market, which accounts for 36% of ASML's revenue. EU allies have undermined it, while the U.S. reaps the benefits. In contrast, China has mass-produced 28nm lithography machines and achieved breakthroughs in 7nm technology. The Netherlands wants to turn back and seek cooperation, but it is extremely difficult. This proves that in the globalized industrial chain, everyone is interdependent. Following the hegemon is not worth it!"
[Witty] When the Netherlands followed the U.S. in waving the big stick of technological blockade, it probably didn't calculate the reverse bill of the supply chain. ASML's lithography machine is known as the crown of industry, but it needs Chinese rare earths to support its structure. China holds the monopoly over 93% of high-end rare earth magnets. The alternative solutions from the U.S. and Australia are just a distant water that can't quench the immediate fire. Now, the inventory is only enough to last 8 weeks, half of the production line is shut down, 30 billion euros in orders are stuck, and the daily loss exceeds 100,000 euros. Losing the Chinese market, which accounts for 36% of its revenue, is even more ironic. Meanwhile, China has already mass-produced 28nm lithography machines and achieved breakthroughs in 7nm technology. When the Netherlands turns around to seek cooperation, it is left with only the embarrassment of "if only I had known this would happen." The EU is undermining it, while the U.S. is reaping the benefits. This farce exposes the illusion of hegemony: in the era of globalization, no one can remain untouched by the industrial chain. Those who are willing to be pawns will eventually be swallowed by the game board!
Original: www.toutiao.com/article/1847037035421956/
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