US startup Substrate announces chipmaking tool that it says will rival ASML

Core Insights - Substrate, a small U.S. startup, has developed a chipmaking tool that can compete with advanced lithography equipment from ASML, a leading Dutch firm [1] Company Summary - Substrate is positioned as a competitor in the chipmaking industry, specifically targeting the lithography equipment segment [1] Industry Summary - The development of competitive technology by a small startup like Substrate indicates potential shifts in the semiconductor manufacturing landscape, traditionally dominated by established players like ASML [1]