ASML Holding is trading 5.1% down at $1,569.04 following reports that a state-backed Chinese firm has begun mass-producing immersion DUV lithography machines, raising concerns over increased competition in a key market.
- The news of domestic Chinese progress in advanced lithography tools is pressuring global chip equipment makers who have historically dominated the space.
- Broader jitters regarding AI-spending sustainability and a sharp pullback across the semiconductor sector are amplifying the downward move in the stock.