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Shanghai Breaks ASML's Lithography Monopoly, Sending AI Stocks into Freefall

Guavy AI Editorial Team Published July 27, 2026

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Shanghai-based state-backed company has broken ASML's monopoly on advanced lithography machines, rattling AI and semiconductor stocks.

The development reflects concerns over US-led chip export controls and dragged down the S&P 500.

Cryptocurrencies felt the impact with Bitcoin slipping, but Ethereum showed resilience posting gains and outperforming Bitcoin for a full month.

This suggests a potential shift in crypto capital allocation during market stress, with Ethereum benefiting from its role in DeFi.

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