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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