By Evette Mitkov
Publication Date: 2025-12-17 19:31:00
Broadcom Inc (NASDAQ:AVGO) shares fell Wednesday as chip stocks came under pressure following reports of a major breakthrough in China’s semiconductor ambitions and uncertainty around Oracle’s massive data center financing plans.
What Happened: According to Reuters, Chinese scientists have built a prototype extreme ultraviolet (EUV) lithography machine inside a secure Shenzhen lab. Completed earlier this year and now in testing, the project was reportedly led by former engineers from Dutch chip‑equipment giant ASML, who reverse engineered its EUV technology.
While China’s prototype can generate EUV light, it has yet to produce working chips. Sources say Beijing is aiming for production by 2028, though 2030 is seen as a more realistic target.
While China still faces major technical challenges, especially in replicating the precision optical systems that Western suppliers produce, the government has set a goal of producing working chips on the prototype by 2028, with sources…
