China's Chip Tool Push Shows ASML Caught in US China Squeeze The recent launch by a Chinese state owned firm of homegrown lithography chip printing machines has sent shockwaves through the tech world, particularly affecting European chip tool maker ASML.
The Dutch company's dominant position in the market for advanced lithography tools is being squeezed from two sides: US export controls limiting access to China and Beijing's push for technological independence.
This development highlights a growing trend of great power competition in the tech sector.