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ASML Lawsuit Drama: Semiconductor Titan Faces Investor Backlash After Stock Sinks 27% In 6 Months
ASMLASML Holding(ASML) Benzinga·2024-12-18 03:15

Semiconductor supplier ASML Holding N.V. ASML is embroiled in a high-stakes securities fraud lawsuit that has investors buzzing.What Happened: After its stock took a staggering 15% nosedive in October and continued to slide, shareholders are gearing up for a courtroom showdown with the company and its senior executives.The Dutch lithography giant, renowned for powering global chipmakers, downplayed the impact of new export controls and promised a rosy recovery in sales. Reality hit hard when ASML's October ...