Citrini analyst Jukan said news about China making progress in deep ultraviolet lithography was not especially surprising, arguing that the market had already priced in some level of expectation. In a social media post, he said The Information’s report relied mainly on remarks made by a professor at a Chinese university of transportation during an internal meeting in June and did not offer much additional substance. Jukan added that the sell-off in semiconductor equipment names such as ASML following the report was an overreaction.
Earlier reporting from The Information, citing people familiar with the matter, said a company backed by Chinese state capital had begun mass production of self-developed DUV lithography manufacturing equipment. The report said the company plans to produce about five domestic DUV lithography machines in 2026 and expand that figure to around 20 in 2027. That remains below ASML’s 131 immersion DUV lithography systems delivered last year, but the move into mass production has been seen by the market as an important step in building a more self-reliant chip supply chain in China.
ChainCatcher reported that Citrini analyst Jukan said in a social media post that reports of China making progress in DUV lithography were not especially surprising, as the market had already formed some expectations around the development.
He said The Information’s report cited remarks made by a professor at a Chinese university of transportation during an internal meeting in June and did not disclose much additional substantive information. Jukan said the selling in semiconductor equipment stocks including ASML after the report was overdone.
Production targets cited in earlier report
Earlier, The Information reported, citing people familiar with the matter, 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 a key step in China’s push to replace foreign technology in the semiconductor industry.
According to those sources, the company plans to produce about five domestically developed DUV lithography machines in 2026 and increase output to around 20 in 2027. That still leaves a gap with Dutch lithography company ASML, which delivered 131 immersion DUV lithography systems last year. Even so, the market has viewed the move into mass production as an important breakthrough for a more self-reliant chip supply chain in China.
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