By Toby Sterling
AMSTERDAM, July 28 (Reuters) - China's launch of a homegrown type of advanced lithography chip printing machine is spotlighting how European chip tool maker ASML, whose recent share price surge made it Europe's most valuable listed company, is being squeezed between two sides.
On the one hand, U.S. controls on exports of high-tech goods to China are threatening to reduce access to a major market; and on the other, Beijing's push for technological independence in areas such as chip production raises the possibility of a China-based competitor.
Reuters reported on Tuesday that a little-known Chinese state-owned firm called Shanghai Aishengna Electronic Technology Group was leading an effort to mass produce locally made immersion deep ultraviolet (DUV) lithography tools, key to modern chipmaking.
ASML, which dominates the market for DUV and more cutting-edge EUV machines that print circuitry on AI chips, saw its shares fall some 10% in two days following this report, enough to wipe more than €60 billion off its stock market value.
#chip #market #asml
AMSTERDAM, July 28 (Reuters) - China's launch of a homegrown type of advanced lithography chip printing machine is spotlighting how European chip tool maker ASML, whose recent share price surge made it Europe's most valuable listed company, is being squeezed between two sides.
On the one hand, U.S. controls on exports of high-tech goods to China are threatening to reduce access to a major market; and on the other, Beijing's push for technological independence in areas such as chip production raises the possibility of a China-based competitor.
Reuters reported on Tuesday that a little-known Chinese state-owned firm called Shanghai Aishengna Electronic Technology Group was leading an effort to mass produce locally made immersion deep ultraviolet (DUV) lithography tools, key to modern chipmaking.
ASML, which dominates the market for DUV and more cutting-edge EUV machines that print circuitry on AI chips, saw its shares fall some 10% in two days following this report, enough to wipe more than €60 billion off its stock market value.
#chip #market #asml
3 months ago
