(Bloomberg) -- Canon Inc. plans to price its new chipmaking gear at a fraction of the cost of ASML Holding NV’s best lithography machines, seeking to make inroads in the cutting-edge equipment now playing a central role in the US-China tech rivalry.Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’US 30-Year Mortgage Rate Tumbles by Most in More Than a YearVIX Notches Its Longest Slide Since October 2015: Markets WrapVirginia Democrats Fend Off Republican S
ASML Holding (NASDAQ: ASML) is often considered a linchpin of the semiconductor market for two reasons. First, the Dutch company is the world's largest manufacturer of lithography systems, which are used to optically etch circuit patterns onto silicon wafers. Second, it's the only producer of extreme ultraviolet (EUV) lithography systems, which are required to manufacture the world's smallest, densest, and most power-efficient chips.