Lasertec gains in afternoon session as optimism grows over EUV lithography development race
Lasertec Corporation <6920> extended gains in afternoon trading after Bloomberg reported a senior executive at Germany's Zeiss Group said China is about 15 years behind in developing cutting-edge chipmaking equipment. The executive reportedly called it a reasonable assumption that China would need 15 years to develop extreme ultraviolet (EUV) lithography systems.
The report fueled optimism that Chinese rivals will be unable to catch up with Lasertec - a maker of mask inspection equipment for EUV applications - anytime soon, allowing it to sustain its earnings advantage longer. Buying driven by the report pushed the stock higher.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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