ASML Holding Stock Slumps After Taiwan Semiconductor Postpones Adoption of Next-Gen Equipment
ASML Holding's stock fell by over 1% after Taiwan Semiconductor Manufacturing Co. (TSMC) announced it would not adopt ASML's next-generation high-NA EUV lithography machines until 2029. The decision, made by TSMC's co-COO Kevin Zhang, impacted ASML's market confidence despite the company having other clients for its advanced equipment.
Topics: ASML chip manufacturing EUV lithography stock price movement Taiwan Semiconductor