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The equipment layer in semiconductor manufacturing carries some of the highest technical barriers in the industry.
The ability to build a tool and the ability to build it at commercial scale and specification are often separated by years of engineering work.
Within that market, ASML, the Dutch company, holds dominant standing in at least one critical category. China is reportedly producing a version of that tool domestically.
Analysts who examined the claimed advance questioned whether China can compete with the Dutch giant. The reporting flags substantial caveats.
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