US chip stocks slide on report of China's homegrown DUV lithography breakthrough

China has begun large-scale production of domestically developed immersion DUV lithography machines, historically supplied by a small group of foreign manufacturers including ASML. The announcement triggered a sharp sell-off in US semiconductor stocks, with ASML dropping over 7% and equipment makers and chipmakers declining alongside it.

This Wire brief sits within Fusion42's coverage of Semiconductors. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.