ASML Holding(US:ASML) Guan Cha Zhe Wang·2025-12-18 05:13Core Viewpoint - The article critiques a Reuters report on China's alleged "Manhattan Project" for semiconductor technology, suggesting that while the facts presented may not be false, the conclusions drawn are misleading and based on narrative manipulation rather than solid evidence [1][4]. Group 1: Narrative Techniques - The report employs a narrative style that uses terms like "informed sources" and "engineers familiar with the situation" to create an impression of a well-supported argument, despite the lack of direct evidence [1][2]. - The article suggests that the mention of personnel movements, such as Lin Nan's recruitment by Huawei, is designed to imply a connection to reverse engineering without providing concrete proof of such a relationship [2][4]. Group 2: Technical Misunderstandings - The emphasis on reverse engineering in the article is misleading, as it overlooks the complexities involved in high-end industrial systems, where critical knowledge cannot be obtained merely through disassembly [2][3]. - The report fails to acknowledge that even if prototype machines exist, significant challenges remain in achieving operational success, particularly regarding the high dependency on advanced components and supply chains [3][4]. Group 3: Legal and Ethical Implications - The article attempts to create a narrative of espionage and illegal activities surrounding ASML's technology, yet lacks substantial evidence to support claims of wrongdoing [4][6]. - It argues that any technological advancement based on infringement and secrecy cannot achieve long-term success in the global market, as trust and collaboration within the industry are essential for sustainable development [6].