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Chip Systems Maker ASML Drops After Intel Reportedly Snubs Technology

Semiconductor production equipment maker ASML Holding (ASML) saw its shares tumble after chip giant Intel (INTC) reportedly said it would not use the extreme ultraviolet lithography technology for its 10-nanometer production. ASML is a major manufacturer of EUV machinery.

The Veldhoven, Netherlands-based ASML was the top loser among Euro Stoxx 50 stocks, recently dropping 5% to €93.05 ($104.8) in Amsterdam. The firm's shares have advanced about 13% in the past 12 months.

The comments were reported by Bloomberg...