China's president says it doesn't need ASML — tells Dutch PM it will continue with advanced technological progress regardless

naturalgasbad , 4 months ago

ASML is really not having a good time. For the better part of the 21st century they had an iron grip on the lithography market. Their hold on the market was so strong that they literally had a monopoly on machines for bleeding-edge nodes.

In comes trade restrictions, giving a country with the largest population of STEM graduates in the world a massive incentive to develop their own machines… In an effort to achieve a short-term gain, ASML’s grip on the market has been loosened and their monopoly looks on track to being dismantled.

If I didn’t know any better, I’d say that this was antitrust monopoly busting.

Blursty , 4 months ago

The US ordered NL to restrict exports, forcing China to develop its own.

Yes another example of sanctions not working and the USA being a whiny little removed state.