{"id":2203034,"date":"2023-12-08T08:00:26","date_gmt":"2023-12-07T23:00:26","guid":{"rendered":"https:\/\/koreapro.org\/?p=2203034"},"modified":"2023-12-07T17:46:06","modified_gmt":"2023-12-07T08:46:06","slug":"yoons-netherlands-state-visit-will-aim-to-strengthen-chip-diplomacy","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2023\/12\/yoons-netherlands-state-visit-will-aim-to-strengthen-chip-diplomacy\/","title":{"rendered":"Yoon\u2019s Netherlands state visit will aim to strengthen chip diplomacy"},"content":{"rendered":"
South Korean President Yoon Suk-yeol and first lady Kim Keon-hee will make a state visit to the Netherlands from Dec. 11 to 14, <\/span>according<\/span><\/a> to Kim Tae-hyo, South Korea\u2019s principal deputy national security adviser. The state visit will begin with a meeting and dinner with Korean residents upon their arrival in Amsterdam. The official itinerary includes a welcome ceremony, wreath-laying at a war memorial and a luncheon with the Dutch King and Queen on Dec. 12, followed by a visit to ASML\u2019s headquarters in Veldhoven.<\/span><\/p>\n Yoon will then head to The Hague for high-level meetings, including discussions with Dutch parliamentary leaders and Prime Minister Mark Rutte. Yoon will also attend a signing ceremony for multiple memorandums of understanding and a working luncheon hosted by Rutte. The visit will also feature a visit to the <\/span>Yi Jun Peace Museum<\/span><\/a> and a return to Amsterdam for a meeting with war veterans and a business forum.<\/span><\/p>\n Why It Matters<\/b><\/p>\n Yoon\u2019s state visit to the Netherlands, particularly his tour of ASML\u2019s headquarters, will likely mirror U.S. President <\/span>Joe Biden\u2019s 2022 visit to Samsung Electronics<\/span><\/a>\u2019 semiconductor plant. ASML, the leading manufacturer of lithography equipment essential for semiconductor production, plays a critical role in this industry. ASML\u2019s decision to <\/span>invest<\/span><\/a> approximately $181 million in a new assembly facility in South Korea further cements this relationship.<\/span><\/p>\n This state visit gains further importance in the context of China\u2019s move to restrict exports of key materials like <\/span>gallium, germanium<\/span><\/a> and <\/span>graphite<\/span><\/a>, which are vital in chipmaking and communications equipment. This situation has propelled countries like South Korea and the Netherlands to reassess and strengthen their semiconductor supply chains, which will result in the two countries agreeing to enhance their semiconductor partnership during Yoon\u2019s visit.<\/span><\/p>\n