this post was submitted on 31 Jul 2026
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ASML shares plunge following reports of Chinese breakthrough in chip manufacturing. China has begun producing advanced chip manufacturing equipment, the very same that made ASML a major player (www.volkskrant.nl)
submitted 23 hours ago* (last edited 23 hours ago) by inari@piefed.zip to c/technology@lemmy.world
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[โ€“] inari@piefed.zip 4 points 10 hours ago (1 children)

I think for China the drive is more in the sense of trying to escape poverty by industrializing, and securing their supply chains to avoid another century of humiliation.

[โ€“] fruitycoder@sh.itjust.works 1 points 6 hours ago

As well for sure. Just the US also has factions trying to secure well paying union jobs as part of this. Both factions have had a voice towards protectionism but it wasn't till it was war hawks trying to secure authoritarian (aka fascist) powers made moves did the needle really move.