Dossier
Chinese state-backed company
Coverage of Chinese state-backed company in the Nexus archive.
- Europe's biggest tech giant slides 5% on reports of a Chinese rival encroaching on its turf
ASML shares fell nearly 5% after reports that a Chinese state-backed company began mass production of DUV lithography machines, challenging ASML's dominance in the market. The Chinese machines are at an early stage but signal progress in China's yearslong effort to match ASML's technology.