Yogthos on Nostr: Major chip fab manufacturer, ASML (NL), lost $53 billion in value due to expected US ...

Major chip fab manufacturer, ASML (NL), lost $53 billion in value due to expected US trade restrictions against China. Analysts anticipate that the US will slash ASML revenues by 48% in 2025. “As the chip world is cut from China, #ASML could see demand for its equipment drop from China and elsewhere”.

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https://www.cnbc.com/2024/10/16/asian-chip-stocks-fall-on-asmls-disappointing-forecast-possible-us-export-cap.html