My guess is the latter. Some of the things that ASML makes are extremely challenging to manufacture, even if you know how to do it (certain pieces of the EUV sy

My guess is the latter. Some of the things that ASML makes are extremely challenging to manufacture, even if you know how to do it (certain pieces of the EUV systems), as well as things that come from other companies like the mirrors from Zeiss. In fact I wouldn’t be surprised if China has some stolen IP, but I don’t think it would be that helpful given the above.