ASML Holding fell more than 7% during U.S. trading, with the stock quoted at about $1,633, after a report circulated that a state-backed Chinese company had begun mass production of self-developed DUV lithography equipment. Odaily said the move followed news that "a certain state-owned enterprise has started mass production of DUV lithography machines." Earlier, The Information, citing people familiar with the matter, reported that a company backed by Chinese state capital had entered mass production of domestically developed deep ultraviolet, or DUV, lithography manufacturing equipment. The report described the development as an important step in China’s push for import substitution in the semiconductor industry. No other details were disclosed in the newsflash.
ASML Holding (ASML), the Dutch lithography equipment maker, fell more than 7% during U.S. trading and was quoted at about $1,633 after a report said a Chinese state-backed company had begun mass production of DUV lithography equipment.
According to Odaily, the stock move followed news that "a certain state-owned enterprise has started mass production of DUV lithography machines." Earlier, The Information, citing people familiar with the matter, reported that a company backed by Chinese state capital had started mass production of self-developed DUV, or deep ultraviolet, lithography manufacturing equipment. The development was described as an important step in China’s semiconductor import-substitution push.
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