EU in talks with China to lift sanctions on ASML supplier, sources say

The EU is negotiating with China to secure relief from sanctions that threatened the survival of Sindlhauser Materials GmbH, a German supplier to ASML, in exchange for lifting sanctions on an unnamed Chinese company, Bloomberg reports.

• EU and China are negotiating mutual sanctions relief
• The German firm at stake is ASML supplier Sindlhauser Materials GmbH
• Chinese sanctions threatened the company's survival
• In return, the EU would lift sanctions on an unnamed Chinese company