ASML Orders Fall Short Amidst Chip Industry Slump, Shares Plunge

Key Highlights
ASML order bookings stood at €2.6 billion in Q3, below the expected €5.39 billion
ASML shares plunged up to 15% in Amsterdam following the announcement
Tech shares have declined 30% since July, affected by US-China tensions
Netherlands' new export rules impact ASML's business operations in China
ASML expects a gradual recovery until 2025 amid a cautious industry outlook.

Why This Matters
Highlight challenges facing leading tech companies amid geopolitical and market dynamics
Signals broader semiconductor industry issues, affecting global technological progress.