China semiconductors

The latest revenue and guidance miss, which led to the recent record plunge in ASML stock, is likely to be in the rearview mirror over the next few quarters, says Asif Shameen.

The move underscores the importance that the Chinese government and China's chip industry have placed on becoming self-sufficient.

SINGAPORE (Jan 19): Citigroup is expecting the republic’s semiconductor sector to become the global industry’s main growth driver in the years to come, given the trend of increasing demand and emerging opportunities for China’s semiconductor vendors