WS #13232
Chinese state-backed DUV lithography machines threaten Western chip equipment makers, triggering a global tech selloff (Samsung -12%, Kioxia -18%, TSMC -3%). Meta (META) rebounded +3.28% to $556.71 on July 31, despite a 10% post-earnings drop, contradicting the broader tech weakness.
China chipmaking advances hit global tech
Chinese state-backed DUV lithography machines threaten Western chip equipment makers, triggering a global tech selloff (Samsung -12%, Kioxia -18%, TSMC -3%).
Meta (META) rebounded +3.28% to $556.71 on July 31, despite a 10% post-earnings drop, contradicting the broader tech weakness.