Chip Industry Choked by Dangerous Brinkmanship
Dueling powers push chip firms to breaking point
After ASML, the Dutch chip equipment maker, accidentally released its results, within 24 hours, the global chip sector lost over $400 billion in value. Shares of ASML dropped 16%, their worst loss since 1998, losing $50 billion in market value. In the process, ASML lost its crown to SAP as Europe's most valuable technology company.
While most are getting caught up with the market swings, a far bigger story is at play here. At the center of ASML’s woes and the broader chip sector crash is geopolitics.
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