Stock market turmoil sheds stark light on the opaque AI economy
Global stock markets experienced volatility following China's entry into the deep-ultraviolet lithography market and the public listing of chipmaker CXMT. These developments threaten the long-standing dominance of Western semiconductor firms like ASML and Nvidia.
A lithography machine at ASML in Veldhoven, the Netherlands. The Chinese have broken the Dutch company’s hold over deep-ultraviolet lithography, a technique essential to the computer chip supply chain. Photograph: Bart van Overbeeke Fotografie/AS/Reuters A lithography machine at ASML in Veldhoven, the Netherlands. The Chinese have broken the Dutch company’s hold over deep-ultraviolet lithography, a technique essential to the computer chip supply chain. Photograph: Bart van Overbeeke Fotografie/AS/Reuters AI (artificial intelligence) Analysis Stock market turmoil sheds stark light on the opaque AI economy Aisha Down , Dan Milmo and Graeme Wearden Investors scramble to make sense of a shock Chinese challenge to the dominance of western chipmakers
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