posted in Technology

inari@inari@piefed.zip

ASML shares plunge following reports of Chinese breakthrough in chip manufacturing. China has begun producing advanced chip manufacturing equipment, the very same that made ASML a major player

www.volkskrant.nl/economie/aandeel-asml-fors-onderuit-na-berichten-over-chinese-doorbraak-in-chipmachines~b1463579/
de VolkskrantAandeel ASML fors onderuit na berichten over Chinese doorbraak in chipmachinesChina is begonnen met de productie van geavanceerde chipmachines, dezelfde apparatuur waarmee ASML groot is geworden. De berichtgeving van technieuwssite The Information had direct gevolgen op de beurs: de Nederlandse chipmachinemaker ging stevig onderuit.
Kaligalis@Kaligalis@lemmy.world
edited

Replying to @⁨inari@piefed.zip⁩

The Dutch government forced China to make these machines themselves by enforcing the embargo demanded by the US.
Now, China does exactly that. Then they scale up until they have strategic overproduction. Then the surplus gets thrown on the global market for cheap. Then ASML dies.
Goal: Prevent China from getting the tech.
Actual effect: The west becomes dependent on China for the tech.