US Commerce Secretary Howard Lutnick has warned ASML, Europe’s most valuable tech company, that one of its advanced EUV chipmaking machines may have reached China, breaching US export controls. ASML flatly denies ever shipping EUV systems or components to China, while Washington refuses to show evidence. The standoff threatens ASML’s $700 billion monopoly and its China revenue amid escalating US-China chip war tensions.
Day In Pics: October 02, 2026 Outlook India
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