Reuters reported that state-owned Shanghai Aishengna Electronic Technology Group has begun mass producing domestic immersion DUV machines, with first tools headed to chipmakers such as SMIC. ASML's third-quarter revenue reached $13.06 billion, up 55.2% year over year and ahead of the $11.68 billion estimate, while management says planned supply for 2027 and 2028 will fall short of demand. Non-EUV system sales were €4.3 billion, exceeding EUV sales of €4.1 billion, so China exposure sits mainly in DUV, the segment Aishengna is targeting. The source says the Chinese machine still needs further testing and remains far from matching ASML's models. The stock is rated Hold at $1,560.54, and the article says the timing and extent of the China risk remain hard to measure.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: China’s Mid-Tier Emergence Threatens ASML Over the Next 3-5 Years
Read the original on Yahoo Finance ↗
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| Market | US stocks |
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