ASML shares fall 7%+ after a report that a Chinese state-backed company has begun manufacturing DUV machines; Applied Materials fell 6.5%+ and Lam Research 7%+ (Sarah Jacob/Bloomberg)
China’s reported move into DUV production hit the chip-equipment trade hard.
ASML dropped more than 7% after The Information reported that a Chinese state-backed company had begun making DUV lithography machines. Applied Materials fell more than 6.5%, and Lam Research lost more than 7%. The report framed the machines as a step in Beijing’s effort to reduce dependence on foreign chipmaking technology, though the note centers on the market reaction rather than the tool’s performance. Techmeme's note
ASML dropped more than 7% after The Information reported that a Chinese state-backed company had begun making DUV lithography machines. Applied Materials fell more than 6.5%, and Lam Research lost more than 7%. The report framed the machines as a step in Beijing’s effort to reduce dependence on foreign chipmaking technology, though the note centers on the market reaction rather than the tool’s performance. Techmeme's note
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