ASML shares plunge following reports of Chinese breakthrough in chip manufacturing. China has begun producing advanced chip manufacturing equipment, the very same that made ASML a major player

People act like these series of events have pushed humanity forward. We are seeing the US, EU, and China all try to do as well as they were during the era of freer trade. Unfortunately for both China and the US the primary reasons for them pushing for this less then world is mostly desire to have their respective state dominate more people’s then they can now.