I’m not perplexed. When in doubt,look at the wallets. They’re out of money. The interest on the loans is starting to bite, and their revenues aren’t going up like they hoped.

Nope, asml machines are of such complexity that no sane country/company would try to reverse engineer it.

But China isn’t driven by conventional economics nor honest trade. They want everyone else to become dependent on them as a way to get power and soft colonise others.

Selling euv to China will let them reverse engineer it and put a state sponsored competitor on the market within 5 years.

Frankly if Europe really meant business they’d put a heavy export tariff on it, so the chip companies have to produce in Europe.