ASML Can't Build Machines Fast Enough: The AI Chip Boom Just Hit a Supply Wall
ASML just posted a record €11.7 billion quarter, but the real headline is what it said about the future: even with 30% more capacity planned, it can't build enough chipmaking machines to meet demand in 2027 and 2028. Customers are already asking about 2030. Here's why the AI trade's bottleneck is shifting from money to machines, and what to watch as TSMC reports next.
Kospi Crashes 10.8% as China's Chip Breakthrough Rattles Semiconductors — Oil Suffers Biggest Drop Since April
South Korea's Kospi crashed 10.8% overnight, halting trading, as a report on China building deep ultraviolet lithography machines sent Samsung and SK Hynix into freefall. Oil posted its biggest one-day drop since April, Bitcoin slipped under $64,000, and the Federal Reserve decides tomorrow. Here's what's driving the global risk-off move.