ASML (ASML) closed at $796.25 in the latest trading session, marking a +1.86% move from the prior day. The stock’s change was more than the S&P 500’s daily gain of 0.21%. On the other hand, the Dow registered a gain of 0.25%, and the technology-centric Nasdaq increased by 0.45%. Coming into today, shares of the…
China is set to deliver its first domestically developed e-beam lithography tool for commercial use, advancing its chipmaking capabilities and taking a step forward in the race for technological advancement. Lithography systems – among the most sophisticated machines ever created – are crucial for the mass production of chips, though China remains in the very…
US stock futures struggled on Wednesday as Wall Street braced for another inflation checkup after the latest consumer price reading spurred traders to pare bets on Federal Reserve interest-rate cuts. Dow Jones Industrial Average futures (YM=F) traded flat after the blue-chip index lost over 400 points in the prior session, while S&P 500 futures (ES=F)…
In southeastern Beijing, engineers at Semiconductor Manufacturing International Corp., China’s top chipmaker, are working around the clock to expand the output of 14-nanometer and even 7-nm chips, just a few generations behind the world’s leading chipmakers. Being able to make such advanced chips at all is a major breakthrough for a company that has been…
European chip equipment giant ASML has launched a project designed to discover and foster key engineering talent in China, in the latest show of its commitment to the market despite intensified US restrictions on advanced chipmaking technologies. The Dutch lithography system maker has launched a science competition aimed at deepening public understanding of lithography –…
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. China defies ASML prediction with EUV breakthrough in advanced chip…