Chinese chip stocks surge on progress in EUV lithography tech, potentially bypassing U.S. sanctions

From Investing.com: 2025-01-21 00:13:22

Chinese chip stocks surged on reports of progress in domestic lithography technology, potentially allowing them to bypass U.S. sanctions. SMIC jumped 7.4%, Sunny Optical rose 5.4%, and Hua Hong Semiconductor added 3.4%. Local media reported a breakthrough in EUV lithography, crucial for making chips smaller than 7nm, reducing dependence on U.S. technology and sanctions. Biden administration’s recent sanctions against China’s chip industry aim to slow progress in AI development. Trump is expected to maintain a tough stance on China, but Chinese chip stocks rallied on increased local demand and government incentives for sourcing chips locally.



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