Shares of Dutch company ASML, which produces chipmaking tools, dropped after The Information reported that a Chinese state-backed company is mass-producing important chip manufacturing equipment for the first time. ASML鈥檚 shares slid as much as 6.6% on Monday and ended the day down about 5%. The equipment鈥攊mmersion deep ultraviolet lithography machines鈥攊s key to China鈥檚 drive to stop relying so much on foreign technology to make chips. ASML has long been the primary supplier of chipmaking equipment globally, including DUV machines and the even more advanced extreme ultraviolet lithography machines. And chipmakers like TSMC use DUV and EUV machines to etch the microscopic circuits that make chips work. If the Shanghai-based company can successfully mass-produce DUV machines, it could cut into ASML鈥檚 dominant market share. In 2025, approximately 30% of ASML鈥檚 revenue came from customers in China. https://www.theinformatio..
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