ASML Stock Slides as China Mass-Produces Chip Tools
ASML is tumbling Monday, set for their steepest drop since June, after reports China is making its own immersion lithography machines.
ASML makes special machines that help companies build computer chips, and the stock price fell because China might be making similar machines on its own. When a big customer can make what they need themselves, companies that sold those machines to them might sell fewer in the future.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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