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Barchart
Wajeeh Khan

ASML Stock Falls on Reports of Chinese DUV Competition

ASML ASML Holding

ASML Holding (ASML) stock ended lower on July 27 following reports that a state-backed Chinese consortium involving Huawei @and SiCarrier has reportedly begun producing domestic immersion deep ultraviolet (DUV) lithography machines.

The group plans to deliver five DUV systems in 2026 to local chipmakers, including SMIC. As investors reacted to rising Chinese competition, ASML crashed through its 50-day moving average (MA), signaling bearish momentum could sustain in the near term.

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