![](\"http:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/03\/europe-needs-fast-focused-tech-industry-policy-dutch-minister-says.jpg\")
Europe needs to be fast, selective and aggressive in supporting key tech industries amid US-China trade tensions, the Dutch economic affairs minister said in an interview on Wednesday.<\/p>\nEurope needs to be fast, selective and aggressive in supporting key tech industries amid US-China trade tensions, the Dutch economic affairs minister said in an interview on Wednesday.<\/p>\n
Micky Adriaansens has refocused Dutch industrial tech policy on protecting and promoting a handful of technologies where the Netherlands has pre-existing strengths such as semiconductors, where Dutch equipment firm ASML (ASML.AS) is a powerhouse.\u201cI\u2019m going to talk to Breton tomorrow,\u201d she told Reuters, referring to European industry commissioner Thierry Breton.\u201cMy message will be we need a strategy for Europe on (key) technologies.\u201dWhile the European Chips Act was intended as a response to US and Chinese chip subsidy programmes, it has so far only approved support by the French government for STMicroelectronics to build a factory in Crolles, France. Intel and TSMC have announced plans to build plants in Germany, but these have not been approved by the European Union.\u201cWe have good ideas in Europe, and I\u2019ve really appreciated what the Commission has done in the past few years,\u201d Adriaansens said.\u201cBut we need to act, and we\u2019re not so good at that \u2013 the Americans are better at that \u2026 We need to speed up the execution.\u201dShe said as a small trading nation, the Netherlands faced additional challenges at a time when free trade is under pressure.Under Prime Minister Mark Rutte, a strong candidate to become the next NATO secretary general, the Netherlands has so far supported a US-led campaign to restrict ASML from exporting its best equipment to customers in China.Adriaansens said that the need to protect technology was a new reality and her office last year introduced security vetting for foreign tech investments.But she said the Netherlands would not necessarily support further restrictions or an attempt to isolate China technologically.\u201cYou have to be very careful what you\u2019re doing because it also has negative side effects,\u201d she said.\u201cI cannot speak for the American state, they have to do it for themselves, and they will. But from our point of view, we need the world, we need everybody to have an open economy.\u201dFollow the
\nCyprus Mail on Google News<\/p>\n","protected":false},"excerpt":{"rendered":"
Europe needs to rapidly and assertively support crucial technology sectors due to US-China trade tensions, according to the Dutch economic affairs minister, Micky Adriaansens. The Netherlands is focusing its industrial tech policy on protecting and promoting key technologies, notably semiconductors, with Dutch company ASML being a significant player. The European Chips Act aims to counter US and Chinese chip subsidy programs but has only approved French government support for STMicroelectronics to build a factory in Crolles, France. Plans by Intel and TSMC to build plants in Germany are pending European Union approval. Adriaansens emphasized the need for Europe to act more swiftly in executing its tech strategies and highlighted the challenges the Netherlands faces as a small trading nation. The Dutch government has supported US efforts to limit ASML’s exports to China and has introduced security vetting for foreign tech investments, though Adriaansens cautioned against further isolating China technologically.<\/p>\n","protected":false},"author":3,"featured_media":3642,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[486,3,1187,26,201,499,576,250,415,292,827,1185,468,1006,380,1186,18],"class_list":["post-3641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus","tag-china","tag-cyprus","tag-dutch-economic-affairs-minister","tag-economy","tag-europe","tag-france","tag-germany","tag-google","tag-government","tag-nato","tag-security","tag-supporting-key-tech-industries","tag-tensions","tag-trade","tag-us","tag-us-china-trade-tensions","tag-world"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n