US Stocks Shifting: ASML Holding NV (ASML.US) Slumps Over 4%, Extending Yesterday's Downturn

Stock News07-28 23:37

ASML Holding NV (ASML.US) continued its downward trajectory on Tuesday, with shares dropping 4.72% at the time of writing, bringing its market capitalization to approximately $600 billion.

The immediate catalyst for this sell-off is an exclusive report from The Information, which disclosed that a Shanghai state-backed enterprise has initiated mass production of immersion DUV lithography machines. The first units are scheduled for delivery to Semiconductor Manufacturing International Corporation (SMIC), Hua Hong Semiconductor, and ChangXin Memory Technologies (CXMT) by 2026.

According to the report, the domestic project's 2026 production capacity target is a modest five units. However, the market's primary concern extends beyond the direct revenue impact. The underlying unease centers on the fact that the fundamental logic supporting ASML Holding NV's long-standing monopoly position is beginning to be challenged.

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