ASML

Independent_Buy5152

Why? It is easier for them to steal TSM’s IP compared to ASML’s. They don’t need to claim Taiwan only for TSM

elias-el

Full ported 30k in GOOG calls in April. Sold 50% after the DOJ ruling, then bought calls for ASML, UNH and space stocks (ASTS, RKLB, LUNR). Made quite a bit of money. Port went to 300k. Sold more GOOG and ASML for regarded critical minerals plays (UUUU primarily), made additional 150k, then lost it all + more. Lost even more when space stocks dumped. But now back to 360k for the year. Happy with it. Rotated into LEAPS for lower-beta stocks...

GelekW

I had a pretty good hit rate with Google, ASML, gold, indexes, POET lately. My brk.b sits doing nothing but makes me feel safer.

SlfImpr

Whoever thinks that AI trade is dead: * In 2024, Google CEO had to apologize for AI mistakes: [https://www.semafor.com/article/02/27/2024/google-ceo-sundar-pichai-calls-ai-tools-responses-completely-unacceptable](https://www.semafor.com/article/02/27/2024/google-ceo-sundar-pichai-calls-ai-tools-responses-completely-unacceptable) * In early 2025, Google stock was heavily beaten down because AI was going to replace search revenue * Look at Google stock now If you think we have reached peak AI in 2025 and there is no more growth left for NVDA, AVGO, AMD, INTC, TSMC, MRVL, ASML, VRT or other semiconductor stocks, you have no idea what is coming in next 2 years!!

Mojo_Amok

Think about sector based ETFs, which can be quite lively from a growth standpoint. Losses from any one company in the fund are generally canibalized by the others, so you'll be moving upwards with the sector even if headline firms take a hit. I'm in tech and am convinced that the picks and shovels plays on the AI boom are no bubble in the long run even if there's some sort of sideways dip. The hyperscalers/trainers are risky investments in a fast moving environment with a lot of the best firms not having made an IPO and the threat of Chinese open source models beating them anyway. Supporting this effort is the semiconductor industry, which has hit an incredible level of sophistication and profitability. IMO, the best way in is with one of the ETFs that track the old PHLX Philadelphia Semiconductor index: SOXX, SOXQ (cheap expense ratio), or SMH. Start researching semiconductor fabrication and things like the 2nm process or ASML products. Then when the market dips, you have faith in the 10 year trajectory of the industry and don't hit the sell button. If the data centers flounder for any reason, the Edge chip market will likely thrive (Apple, Qualcom, ARM, etc.). Otherwise, all those VOO type indexes are great. I've got FIDU in my back pocket as something safe that could overperform too. I like FTEC as an alternative to QQQ for whatever reason.

Adept_Mountain9532

i will buy: GOOGL MSFT ASML MONGO KINETIK

Curious-Intern-5434

Essentially the same I held in the last 9 years: all S&P 500 dividend aristocrats plus a bunch of growth stocks plus some stocks in the tech sector. In total a little over 100 positions. This includes these tech stocks: Nvidia, Microsoft, Apple, Amazon, Google, ASML Holdings, Broadcom, Taiwan Semiconductor Manufacturing, Synopsis, Fortinet, Salesforce, Atlassian, Adobe, Applied Materials, Duolingo, Meta, Service Now, Reddit, Palo Alto Networks. I think it's more about what exposure you want than what exposure I have. Your investment goals are likely to be very different to mine. All the best!

plasticbug

Thinking about ASML and AAPL. Boh have come down some and are in bullish trend, so thinking about selling puts on them.

Old_Sausages_455

I added Celestica (CLS) and ASML for 2026

Stormshot56

ASML is awesome. Alphabet , Amazon , Visa , Uber

tinny66666

They hired an ex-ASML engineer, so I'm not sure that qualifies as espionage (not to say they don't engage in it though).

NotAriGold

Went fro $5K to $48K now. Powered by Google, ASML, AMD and others

apeawake

That’s really great.  I made 15% in my main account which was remarkable because the vol was minimal. Max draw down was 3%. I caught the bottom in Google and made some good trades in Applied TSM and ASML with minimal risk from where I bought in April. I owned a good sized gold position until October.  Made 57% in my Roth taking highest conviction bets (lot of google here, too) Made 7% :/ in my smaller Ira being conservative - names like CNI, Pepsi, Vici

sailortyx56

Kind of insane that China managed to build a complete EUV machine before us. [Link](https://www.reuters.com/world/china/how-china-built-its-manhattan-project-rival-west-ai-chips-2025-12-17/) (assuming the Reuters report is true) We patent out so much of the tech to ASML, yet we don't know how to build out the entire thing here.

Antestor01

Google, Berkshire, ASML, TSMC, Visa, Mastercard, Amazon, Microsoft, Meta, S&P, Moodys

FrankDrebinOnReddit

I don't believe Chinese EUV will ever compete with ASML (hence why I said ASML isn't going anywhere), but that China will have EUV technology for domestic semiconductor manufacturing already. Not next year, and probably not the year after, but it's inevitable that it'll happen.

NationalTranslator12

I work at ASML. People that say that China will develop EUV tools and compete with ASML do not understand ASML or EUV for that matter. It is not just EUV. It is the Source (Cymer), the drive laser (Trumpf) the mirrors (Zeiss), the Wafer handler (VDL), R&D partners (IMEC), and many more suppliers. On top of this you need to add all of the qualification steps which ASML does in house and is company secret. So in order to build an EUV machine, you need the complete supply chain plus what ASML does. Even if they succeeded in building an EUV machine, they would need years to learn how to use them, reason why ASML customers are buying High NA before volume production. If you think that this is not a lot already, ASML uses twinscan technology to maximize output and it is the only equipment manufacturer that does this. So if any Chinese EUV machine ever came to market, it would never compete with ASML and just be used domestically because of sanctions. By the time that China could develop the equivalent of an old NXE, ASML will have hyper NA. And ASML profits are not as high as what software companies are making, so the investment does not make economic sense either.

ChemicalPoetRewrite

It is not, the moat is already priced in, and the risks are rising faster than the hype. Expectation saturation: ASML has been known as a monopoly for years. Markets price future surprises, not known facts. Cyclical demand: Semiconductor capex moves in cycles. Foundries paused or delayed orders in 2023–24, which caps near-term growth. Export controls: US-led restrictions on China directly limit ASML’s largest growth market. That’s a structural overhang on revenue. Long revenue lead times: EUV machines take years to build and deliver. Even huge demand doesn’t instantly convert to earnings. Valuation ceiling: ASML already trades at a premium. To rise further, it needs upside beyond “we are essential”, not just confirmation of it. ASML’s importance is undisputed, but markets are weighing geopolitical risk + cyclicality against that importance. It’s not underappreciated, it’s strategically constrained.

OrcOgi

ASML is Europe clown

OrcOgi

Bot comment. ASML is Dutch you clown

ComplexEntertainer13

Building a EUV light source is not hard. The hard part is putting in production. ASML had their first demonstrator working over a decade before mass production. Give me a call when they hit 150-200W output with high uptime and reliability. That is where ASML was when TSMC started using their machines.

FruitOrchards

Could have bought 1500k of Rolls Royce, BAE, Rheinmetall, ASML, Lockheed Martin and some copper stock and looked back in 5 years at something crazy

Wendy2016823

The core point is that ASML sits at a critical bottleneck rather than a fast growth consumer play. One nuance worth adding is that this kind of constraint driven business often translates less into explosive revenue growth and more into long term pricing power, backlog visibility, and strategic importance, which the market sometimes values differently than pure volume expansion.

AccomplishedLeek1329

The article literally says that ex-ASML employees have been given new names and Chinese citizenship lol

ImNotAnEnigmaa

I know. But ASML is based off of the research done by the American Department of Energy. The tech that ASML uses is licensed from the United States: https://www.eetimes.com/u-s-gives-ok-to-asml-on-euv-effort ASML specifically relies on technology licensed by EUV LLC, an American entity created by the Department of Energy.

kalakesri

China has likely reverse engineered ASML and GBU-57 bols are fucked

Tamarahskincare

ASML has tech that self destructs when they try to reverse engineer. It is gonna happen at some point as machines move and get sold around, we even had some old calibration dyes that were from the soviet union that ended up here in the states. China can't reverse engineer ASML as the machine self destructs, they have tried and failed. They are now approaching it differently using Laser induced discharge using a circuit to electrically discharges to create the high energy uv waves. They are using a very different laser source and will have to develop their own incidence grazing mirrors for this system.

1mp3rf3c7

To you as well! I like GOOG, NVDA, ASML, and others, but they are expensive at the moment.

NotMyMainLoLzy

They have an EUV machine in Shanghai. A working one not controlled by ASML. Take that as you will.

btoned

#ASML

Otherwise-Coyote6950

[](https://x.com/Megatron_ron)BREAKING: The monopoly is over China has succeeded in producing an ultraviolet lithography machine for the production of advanced chips - Reuters China built a prototype extreme ultraviolet lithography (EUV) machine in Shenzhen, the tool needed for the most advanced chipmaking, Reuters reports. Until now, ASML is the only company that has truly cracked EUV technology. Its machines cost about $250 million each and are critical for making the most advanced chips designed by Nvidia and AMD, and manufactured by TSMC, Intel, and Samsung. The result marks the payoff of a 6-year government program focused on semiconductor independence. People compared it to China’s version of the Manhattan Project, the U.S. wartime program that built the atomic bomb. Sources describe former ASML engineers helping reverse engineer parts of the system, and Huawei coordinating a wider effort across labs and suppliers. “The aim is for China to eventually be able to make advanced chips on machines that are entirely China-made,” one of the people said. " China wants the United States 100% kicked out of its supply chains."

Otherwise-Coyote6950

China has successfully reverse engineered ASML EUV machines. ASML is ruined, it's game over for them. Puts on them until they hit zero

sean2449

Yeah, sure. Still needs 2 more years to finally catch up ASML DUV model 30 years ago.

FarrisAT

I think the entire hyperscaler complex is oversold and undervalued. Yesterday I bought ~some Microsoft, Oracle, Meta, Amazon, TSMC, Google, and ASML. My view is simple. If AI turns out to fulfill the hype, we all win. If AI turns out to be half its hype, the OpenAI’s and neoclouds die, and hyperscalers eat the carcasses. If AI turns out to be a bust, the hyperscalers return their CapEx levels back to 2022 and Nvidia goes bankrupt.

r0w33

The only part of this story that's interesting is that ASML were apparently employing chinese engineers in positions with access to trade secrets.

soulreaper0lu

Do you think that Europe won't regulate against China the same way they're doing right now to help their car/EV manufacturing? ASML is headquartered in the Netherlands, and as of right now there is no indication that EU will cooperate with China on that field. (Well.. unless the US continues to push for it lol)

VirtualMemory9196

Why is the entire thread American vs China? ASML is not even American

VirtualMemory9196

ASML is not American btw

deployant_100

It doesn't matter, there was a decision to detangle supply chain for critical products around covid. And I doubt that chinese machines get all their components from China, or that they will have better yields than ASML machines for a very long time.

Winterough

ASML hasn’t scaled much at all compared to the demand.

sailortyx56

They would have kept today flat and tanked tomorrow before the BOJ decision. But the ASML China news triggered the algo sell off. lol.

reeeelllaaaayyy823

Current US administration doesn't control ASML though.

thefpspower

ASML also makes the software stack for these machines and as you may imagine its costumized based on customer needs with decades of experience. Nobody is going to be switching to chinese machines overnight just because they are a bit cheaper. These companies operate on schedules years ahead.

TheKinkslayer

The article talks about recent graduates reverse engineering those acquired grey market ASML parts. As there's no grey market for EUV scanner parts, and the conceptual differences between EUV and DUV scanners that pretty much means that they are reverse engineering DUV (probably non-immersion ones) wafer stages. Which are not actually the same between machines as one has to work under vacuum and they have different alignment specs, but it provides them a starting point to build their own parts. As they confirm that they are still working on that, it confirms my assessment that they are at the Micro-Exposure Tool stage (being able to expose a pattern on a small field of a wafer) rather than at the Alpha-Demo Tool stage (being able to expose a full reticle many times across an entire wafer). And from there, there's still the big leap that you talk about. A little more hopeful for their project is that they poached ASML's head of light source technology, whom I expect took with him plenty of proprietary information to recreate a Laser Produced Plasma light source (rather than the modified Discharge Produced Plasma that CN sources claimed last year that they were developing from scratch).

fire_alarmist

Fuck... I was literally debating the entire last week about starting an ASML short position. Guess I gotta sit it out and wait for a good entry now if market reacts quick.

sailortyx56

Reuters reporting that China hired enough ex-engineers from ASML and managed to reverse engineer their tech. [Link](https://www.reuters.com/world/china/how-china-built-its-manhattan-project-rival-west-ai-chips-2025-12-17/) lol.

Kru1zer

Share buybacks too ASML is guilty of this, no innovation just valuations greed

Boring_Bore

Poaching ASML talent will definitely speed the process up for them.

Different_Soup_5208

holy China managed to reverse engineer ASMLs EUV machines according to Reuters. Puts on ASML

btoned

ASML 🔥

CenkIsABuffalo

Lol do you realize Huawei for example offers engineers from ASML and TSMC double or even triple the salary to work for them?

Amazing_Bat_1498

But it is not purchased in Asia either and most Chinees airlines still prefer Boeing and Airbus over them. The statement that they fly the same distance is not accurate either and it is 10% less fuel effcient despite having 20 less seats. That being said, i am sure certification play some role, but even asian airlines have until this point not shown a lot of interest in it. Also as mentioned i took them 17 years to get to this point. What makes people think they will do any better in EUV considering we are talking about what probably are the most advanced machines ever made by humans. Also one of the reasons i believe they have become so good at making cars is because cars require far less components than airplanes and because most car manufactureres make most of their cars from top to botom in-house as compared to Airbus and Boeing who rely on a vast pool of suppliers from all around the world. So when western car manufactureres started making cars in china, they had much more of a complete puzzle on how to makes cars as compared to planes that need far more components from many more different suppliers all around the world. The same goes for ASML. Their machines weighs 200 tonns and uses over 100 000 components, som produced in-house, but many produce by a large pool of over 1000 different suppliers. Add to this that ASML, never have made any EUV machines in China before, like car and plane manufactureres have, they wil have even less of the work cut out for them. Considering the head start ASML has and how advanced this technology is, there is just no way they or anyone else will be able to compete within the next couple of decades, even if they were able to make a working machine it will be far inferior compared to what ASML might have by the time they make their first machine. The article also says that the machine is much larger than ASML and that it spans through a whole floor. Despite this it still seems incomplete as it doesnt work yet. This sounds quite worrying and inconvinient considering EUV-machines already are freaking huuuge. Like how much larger will it be when it finally works? Add to the fact that their chipmaking industry today is entirely dependent on 10 year old DUV-machines from ASML, because of export restrictions. How do people suppose they go from not being able to reverse engineer DUV machines from 2014 despite trying for over a decade to making better EUV machines than ASML In a matter of a few years. People thinking EUV machines from China must be just around the corner, because «hey look at their cars or what have you» dont have any clue as to how complicated lithography machines are and even then they forget how long it took them to reach this point.

IronWhitin

As a gaming PC entusiasti in willing to test this teory even if im gonna lose ASML.

PushingSam

It took the west 30 years to commercialize this, and key improvements in throughput are still being made within the platform. It's not cope, and Huawei and SMIC have already proven what China can do on just DUV immersion. EUV has some other really specific things that will take time, simply because the puzzle is so big. Things that took companies like ASML with 10.000 people crunching the numbers to figure out. Of course it's a time thing, but it's far from cope. Bringing this into production is simply said, very involved, even given a giant pile of resources. Japan also tried the race to EUV, and burned billions in the process.

coludFF_h

These retired ASML employees did not possess the key knowledge. Their technological success primarily depended on Chinese universities and research institutions

MangoFishDev

The problem is that it's China, they don't play the same game of rent-seeking by restricting reply and relying on crazy margins They'll pump out these machines at scale and bankrupt the likes of ASML who haven't bothered to expand production because it's more efficient for shareholders to do stock buybacks than to increase production since you're just going to reduce your profit margin so why invest?

GoosePuzzleheaded771

It's funny, for years the ASML hype was fueled by their "Monopoly" position.  If that goes away, so does the stock.

Juan_Kagawa

> One veteran Chinese engineer from ASML recruited to the project was surprised to find that his generous signing bonus came with an identification card issued under a false name, according to one of the people, who was familiar with his recruitment. Once inside, he recognized other former ASML colleagues who were also working under aliases and was instructed to use their fake names at work to maintain secrecy, the person said. Another person independently confirmed that recruits were given fake IDs to conceal their identities from other workers inside the secure facility. The guidance was clear, the two people said: Classified under national security, no one outside the compound could know what they were building—or that they were there at all. Somehow I feel like they'll hit that 2028 target.

sicklyslick

Are you actually dumb? It's in the article that OP linked. >It was built by a team of former engineers from Dutch semiconductor giant ASML (ASML.AS), opens new tab who reverse-engineered the company's extreme ultraviolet lithography machines or EUVs, according to two people with knowledge of the project.

sicklyslick

The article literally says China used ASML ex-employees to build this. So yeah, that's what they did. They invited the Dutch or American or whomever.

Amazing_Bat_1498

Car manufactureres dug their own grave by outsourcing so much of their production to China. Not did they basically make a step by step tutorial for them on how to make cars, they handguided them through each process. Considering how many cars were produced in China It was always only a matter a time before chineese car companies would spinn out of all the countless production facilities that were built there by german and american car makers. I think a lot of the reason the C919 hasnt been a success story is because while car manufactureres make most of their cars in-house from top to bottom, Boeing and Airbus rely on a much bigger pool of suppliers who make many of the different parts for them, much like ASML. Also airplanes are of course much harder to copy, because they consists of far more components. Even though both airbus and boeing assemble some of their airplanes in China as well as manufacturering some of their parts there, since car manufactureres have much more of a top to bottom approach as compared to Boeing and Airbus they had more of a complete puzzle on how to make cars as compared to airplanes. With virtually an export ban on many of the critical components and considering that each ASML machine consists of over 100 000 components delivered by over 1000 different suppliers, they will have a long way to go before they or anyone else can compete with ASML within EUV. Add to the fact that both car and avionics technology is a much more mature field of technology than EUV-machines are, i think it will prove be much harder to simply reverse-engineer EUV components than it is to reverse engineer car or airplane components.

HorsesandPorsches

you think ASML shits out these 350 million dollar machines every minute?

vargaking

They are still like 25 years behind ASML if you read into the article. Insane clickbait

cuteman

6% on ASML is nothing. Let me know if it ever dips to $800-900

LargeSinkholesInNYC

Got downvoted several times for saying ASML shouldn't have gone up as much as it did because of China.

Intelligent-Donut-10

The problem with ASML is their entire business model is based on having a monopoly, and China is a country that doesn't take prisoners. Case in point: nobody will buy a western 16gb ram stick for $500 if they can buy a Chinese 64 gb ram stick for $50, that means no sales to western fabs, which means no sales to ASML.

LargeSinkholesInNYC

I told you ASML was overvalued. Yet some stupid bagholder downvoted me and called me a fucking idiot. Reddit is full of bagholding braindead neckbeards.

Consistent_Panda5891

Difference is west will buy Chinese as is cheaper as usual. Sinking ship is ASML, once it looses monopoly next year cracks 50%

Good-Bid-7325

I've considered adding it but I already own ASML and I don't enjoy owning multiple stocks that go down during the same days

slimkay

> Sure but where are you going to get experienced people in lithography ? China has poached ASML employees - the article makes that clear.

slimkay

They didn't steal IP... they just poached ASML's best and brightest with fat signing bonuses.

PushingSam

What people fail to understand is that ASML is a software company, the juju isn't necessarily in the hardware. It's how all the things within the machine (and process) interact. Even if you were physically able to replicate the machine, that's only a small part of the game. Yes, there's some really complicated parts on the hardware side, like the mirrors, but most of those are somewhat easy to overcome. A lot of aerospace gear uses similar processes and materials like zerodur as example. Making the machine tick is a gazillion lines of code though.

Mrbusje1

I was actually surprised to learn that ASML already had the technology in the early 2000 but just started shipping them in 2018!

TheKinkslayer

The development of EUV Litho followed this rough timeline: 1990's - First experiments Early 2000's - Micro-exposure tools late 2000's - ASML's Alpha Demo Tool mid 2010's - First mass production tools China is currently on the Micro-exposure tool stage. Even if they just copied existing machines through their suspected industrial espionage campaigns, they are at least 10 years away from having something ready for mass production. And even then, it will be a coin-toss whether the program is as successful as their Electric Car industry or just as *meh* as their C919 commercial airline project.

atape_1

ASML -5.63%, AMD -5.29%, ARM -5.38%. It's the market...

btoned

ASML baby. Erase today plZ

Whoisthehypocrite

Huh, ASML shipped 44 EUV tools last year and will ship more this year.

HorsesandPorsches

china has shown that they are leagues and leagues better at manufacturing pace than the west. ASML right now produces 2 machines a year. Yess there is a long way to go, but also china has shown they're very capable.

proret4rd

The ASML monopoly is done

No-Variation3350

Not really how it works. ASML only sells china DUV lithography machines. The most complex aspects of EUV machines are not even present on DUV machines, so nothing to gain there. The article explicitly says that they're acquiring EUV-related parts through second hard markets via shell companies and layers off indirection. Not much you can do about that really. They're struggling to acquire the optical components necessary even still. It's impossible to control your IP to an extent that secret sauce never gets leaked/reverse-engineered. the US restricted the sale of cutting edge GPUs to china for years, only for them to mostly reverse-engineer it and figure it out on their own anyways. It's a losing game.

TheDonFulio

Something tells me TSM, INTC, and Samsung won’t be leaving ASML for Chinese counterparts. Even then, it’s a big if true

Spl00ky

I don't think you understand how complex an ASML machine is. Once a machine is turned on, it never stops running. I doubt they'll get their frankenstein creation operational to the point where the yields would make economic sense or the quality of the chips to the point where they would be reliable enough to be put into critical hardware. I'm surprised they actually attempted to reverse engineer one of the machines. I would be more concerned about some new tech like xLight or Canon's Nanoimprint Lithography.

_Lucille_

The thing is that there are roundabout ways to acquire those machines. Older models can be acquired via auctions, there might be say, a Taiwanese firm who wants to acquire some of those older machines. Turns out, the firm is just a front for China even though everything looks legit: they have got proper engineers, factory space ready to go, etc - they may even have some real experienced engineers who used t work for TSMC and ASML that have absolutely zero ties with China; all they need is a few very technical members of the team who will absorb the knowledge like a sponge and bring everything back to China.

matt_mat_847

The thread here also overlooks the fact that ASML is upgrading its machines all the time, so even IF the Chinese get their own EUV machine, not only will the machine be outdated by the time it hits production, but will keep falling behind the latest ASML offerings.

Amazing_Bat_1498

Everyone knew China have been doing this, so this is no suprise. There is nothing from this article that points to them being nearer than we assumed. It states that they are able to create euv light, but besides that there is nothing new here and they still have to solve a whole bunch of hurdles which are far more complicated than this. Also the article states that they wont have a working prototype before 2030, and that is only for a prototype, meaning they probably still are going to need many more years beyond 2030 to work their way to a fully fledged machine able to produce chips at scale to an affordable prize. It also states that their machine is the size of a whole factory floor and that it is severly times larger than an ASML machine, and despite this, it still cant produce any chips! If anything, this article points to them still beeing far behind. By which time they are able to make a machine to rival ASMLs current machines in a decade or two, i recon the west will have moved forward. The only way they will be able to catch up with western tech in lithography anytime soon is if they were to take a huge gamble on new technology besides EUV to make advanced chips, like for example nanoimprint lithography or using xray as a light source and it proves to be superior to EUV. Therfore what would be far more interesting is knowing how much resources they are spending on alternative technologies besides EUV, because they will never get there if the only thing they are doing is reverse engineering western tech. I mean like, they are yet to reverse engineer themselves to a DUV-machine that is even close to a modern ASML DUV-machine, and now they are jumping straight to EUV. Good luck!

ManekenkaDaBudem

I sold all of ASML month ago. Too many reasons to push price significantly lower. Will consider again at 700 euros.

FrankDrebinOnReddit

I don't understand all these comments saying that China will never succeed at EUV. Of course they will, the only question is when. ASML isn't going anywhere, either, there will always be a need for EUV lithography in the West, but no technology stays exclusive forever.

DaySecure7642

ASML should not have sold a single lithographer to China. It let China reverse engineering all these years and now we see the final outcomes. Shortsighted. EUV tech will join a long list of successful reverse engineering and catch up of China including EV, high speed trains, smartphones ..... When will the western countries realize that the best way in the long run is to very tightly control the IPs and stop any opportunity for reverse engineering and IP theft?

decomposition_

Yummy, time to scoop up some more ASML

dansdansy

Relevant: [https://www.reuters.com/world/china/how-china-built-its-manhattan-project-rival-west-ai-chips-2025-12-17/](https://www.reuters.com/world/china/how-china-built-its-manhattan-project-rival-west-ai-chips-2025-12-17/) ASML down 6%

btoned

It's crazy how tig ole bitties are basically all the same but the joy that comes from seeing a brand new pair is unparalleled. ASML 1100 EOW.

wtf_is_up

>China's EUV machine is undergoing testing, and has not produced working chips, sources say >Government is targeting 2028 for working chips, but sources say 2030 is more likely They are cobbling together parts from outdated ASML systems and haven't even produced a chip yet. Then, let's say they do get to making a "working chip" in 2028, have to assume that's Low-NA EUV, which at that time will be years outdated. And then there is yield control (this is what really matters at scale). So basically it's yet another FUD story out of China, like how they announce a cr*ptocurrency ban every year.

AshNakon

ASML being constrained in China was always expected. But the point of controls isn’t zero progress, it’s preventing fast, cheap, industrial scale parity. On that front, they’re still doing what they’re supposed to do.

btoned

ASML being down from 1070 is the best lotto call for tomorrow me thinks.

teaanimesquare

from what i've read about number 1 They hobbled together a machine using ASML parts and were able to produce EUV light. This isn't a working machine and they're still a long way from actually producing anything.

Ancient_Sort5820

ASML and GOOGL do not deserve this bro 😭 but those positions are up > 60% this year so ig a lil pullback is fine

Quotama4

Not all in, but most ETFs are overweight in tech. Even the MSCI europe one dumps since ASML is one of the biggest things. Ok that ended at 0% change for the day, but in the morning it was actually positive. The US is shitting its pants dragging the rest of the world down. Technology is the future, I am young enough to hold. I'd rather hold tech than invest in some oil stocks just because Venezuela is going to get blockaded.

Leather_Mention5916

I think ASML news. China has made a similar machine.

TheGraeme95

ASML can you chill lil bro

BlackHole1997

And TSMC is holding NVIDIA. And ASML is holding TSMC.And Zeiss is holding ASML.