‘The more I see of what you call civilisation, the more highly I think of what you call savagery.’
ASML is a victim of US sanctions and Dutch/EU spinelessness. China would never had bothered to pursue lithography as serious as it did if US wasn’t continuously trying to stop China on every technological front. The Europeans let US do it in the hope and under the promise that China would never succeed.
Doesn’t change the fact that US stock market was already massively overpriced. Ai companies can’t make good on the promises of astronomical profits, but neither can Apple. This is just lose less option, but now it’s apple that is getting overvalued.
it’s really inefficient to pursue such a massive research endeavor if ASML was just normally open for business. To do all that work was only justified by it opening a chance in domestic semiconductor production which is the real price for China. Now they are probably also wanting to compete in DUV machines in the future, to recoup the development costs, even if the real price is the self-sufficiency that they bring.