Morgan Stanley has downgraded its earnings estimate for ASML, citing weakness in the memory chip market and concerns over demand from Intel and Chinese chipmakers. ASML's share price has already dropped by 30 percent during July and august.

Downgrade sparks concerns over future prospects

China has made a major breakthrough in chipmaking technology by developing a new laser lithography machine, pushing forward despite US sanctions. This advancement could help China reduce its reliance on foreign semiconductor technologies and boost its domestic chip production capabilities.

China Advances Chipmaking With New Laser Lithography Machine, Defies US Sanctions

The Biden administration has decided to award the South Korean tech giant Samsung $6.6 billion subsidy to strengthen domestic semiconductor production. The funds are designated to expand Samsung's chip output in Taylor, Texas, Reuters reported, citing sources familiar with the matter revealed.

Biden administration to grant Samsung a $6.6 bn subsidy for Texas chip expansion

India has taken a significant step towards achieving self-sufficiency in chip manufacturing. The government approved a $15 billion investment in building three new semiconductor plants. This includes India's first major chip fabrication unit.

India to set up india's first major chipmaking facility

The United States and the Netherlands are intensifying their efforts to curb China's chipmaking capabilities by imposing further restrictions on the sales of chipmaking equipment, Reuters reported.

Chip War Intensifies: U.S. and Netherlands impose stricter controls on chipmaking equipment sales to China

Japan said on Friday that it will restrict exports of 23 types of semiconductor manufacturing equipment, aligning its technology trade controls with a US push to curb China's ability to make advanced chips.

Japan to restrict export of chipmaking equipment as it aligns with curbs by US

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