Overview
- Dutch TV program Nieuwsuur reported that ASML sold equipment to a SMIC subsidiary, the Shenzhen International Quantum Academy, and a customer linked to China’s military.
- ASML said it could not confirm the report and stated that all business dealings comply with export-control laws, with high-end tool sales to China restricted.
- Citi raised its price objective for ASML to €1,200 and Deutsche Bank maintained a Buy rating with a target of €1,150, citing AI-driven demand.
- Bank of America named ASML a Top Pick for 2026 after earlier lifting its target, pointing to a potential re-rating as industry spending accelerates.
- CNBC reported the U.S. plans up to $150 million for startup XLight as part of efforts exploring alternative chipmaking technologies, with other firms such as Substrate also pursuing competing approaches.