Major chip fab manufacturer, ASML (NL), lost $53 billion in value due to expected US trade restrictions against China. Analysts anticipate that the US will slash ASML revenues by 48% in 2025. “As the chip world is cut from China, #ASML could see demand for its equipment drop from China and elsewhere”.
#technology
https://www.cnbc.com/2024/10/16/asian-chip-stocks-fall-on-asmls-disappointing-forecast-possible-us-export-cap.html
Yogthos /
npub1k8…vcv65
2024-10-16 18:48:40
Author Public Key
npub1k8wtv8evmj84ervjyf4qwnp2yw7j64egldx57fm3gtlfzx0s8yks6vcv65Published at
2024-10-16 18:48:40Event JSON
{
"id": "65ee1597de3289255cb88b55744db9ecb7526c6a0e0c71bab40ed04cc1163849",
"pubkey": "b1dcb61f2cdc8f5c8d92226a074c2a23bd2d5728fb4d4f277142fe9119f0392d",
"created_at": 1729104520,
"kind": 1,
"tags": [
[
"t",
"asml"
],
[
"t",
"technology"
],
[
"proxy",
"https://social.marxist.network/users/yogthos/statuses/113318593862580224",
"activitypub"
]
],
"content": "Major chip fab manufacturer, ASML (NL), lost $53 billion in value due to expected US trade restrictions against China. Analysts anticipate that the US will slash ASML revenues by 48% in 2025. “As the chip world is cut from China, #ASML could see demand for its equipment drop from China and elsewhere”.\n\n#technology \n\nhttps://www.cnbc.com/2024/10/16/asian-chip-stocks-fall-on-asmls-disappointing-forecast-possible-us-export-cap.html",
"sig": "57e38008920b80a8b60e8f11b5f427bd2c8b9554a1770f016655c5c7a4d0d4eaaa151727c20e130b5bb8c5a335954249ee3d1dedd6cfc7ae5e43d2c28ff9db71"
}