New restrictions announced by the Netherlands affect machines used by many semiconductor plants in China Mainland semiconductor factories could face significant production challenges, as the Netherlands bans Dutch chip tool giant ASML Holding from servicing some of its most reliable equipment in China,

China is "dissatisfied" with the Dutch goverment's decision to expand export controls on ASML chipmaking equipment, the Chinese commerce ministry said in a statement on Sunday.

ASML, in a separate statement, clarified that these new measures are a "technical change" and are not expected to impact its financial outlook for 2024 or its "longer-term scenarios."