- A day after Banco Santander downgraded ASML to Hold, Deutsche has downgraded to Sell. Thanks in part to a chip stock rout, the Dutch photolithography equipment giant is now down 11% over the last two days.
- Of note: Several chip equipment peers are also selling off today following SanDisk's warning, and European equities in general are under pressure.
- Shares rallied to new highs a month ago after ASML announced TSMC had exposed more than 1K wafers in a single day on an ASML EUV system.
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Update: SA commenter Philip Marlowe observes TSMC stated during a Credit Suisse conference talk it would begin using EUV for chip production later than previously expected.