China Just Pulled the Plug on ASML - The Global Chip Industry Enters a Period of Turmoil China just shook the global tech industry Rare earth export controls, ASML under pressure, and a new battle for semiconductor dominance. China controls nearly 90% of rare earth processing, putting advanced chipmaking, EUV lithography, and companies like TSMC, Intel, Samsung, Apple, Nvidia, and AMD at risk. With rare earths becoming a geopolitical weapon and China making breakthroughs in EUV lithography and 7
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