BofA Downplays China's DUV Tool Production Report, Sees Only "Modest Threat" To ASML

ASML shares slide to lowest since June as China begins producing its own chipmaking machines

ASML drops to June lows after China's consortium began producing DUV lithography systems targeting 5 machines in 2026, 20 in 2027. China represents 20% of ASML revenue; dual risk from domestic competition and US export controls threatens equipment dominance.