In December 2025, a bombshell report spread through the media. It was described as the semiconductor industry’s “China version of the Manhattan Project.” The claim was that China had successfully developed its own domestic EUV, or extreme ultraviolet, lithography machine. People “held their breath” and waited to see how ASML, the world’s only company capable of making EUV machines, would respond. After several days, ASML finally delivered a forceful rebuttal. We will walk through the deeper meaning behind it.
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