Netherlands under pressure

"The Biden administration worked hard to limit exports and I expect the Trump administration to work the same way," Schoof said in an interview with Bloomberg in Davos. As for the policy towards China, the US and the Netherlands are "on the same line", said the Prime Minister.

The Netherlands has been restricting ASML sales to China under pressure from the US, which wants to slow down the development of the big Asian country's chip sector in the name of national security.

"When it comes to ASML, we currently have discussions on a weekly basis," said Shoof. Still, "I think it's important that we decide for ourselves what to do with the export control policy. ASML is very important for the Dutch economy and we want to make sure that position doesn't change", Shoof said.

ASML is the world's only manufacturer of the state-of-the-art lithography machines needed to produce high-end chips used in everything from electric vehicles to military equipment. The company has never been able to sell its most advanced extreme ultraviolet lithography machines to China due to US-led export restrictions.

China accounted for 2.79 billion euros ($2.9 billion) of ASML's third-quarter sales, nearly half of the company's total sales in the period. The company expects sales in China to account for about 20 percent of total revenue this year.