Why ASML Holding Stock Slumped Today

A decision by one of the top names in the microprocessor industry had a negative effect on ASML Holdings (NASDAQ: ASML) stock on Wednesday. Although the news wasn't necessarily alarming, it was dispiriting enough to drive ASML's shares down by slightly over 1% that trading session.

That monster chip company is Taiwan Semiconductor. Its co-COO, Kevin Zhang, told reporters that it had no plans to deploy ASML's cutting-edge chip-making equipment, specifically the high-numerical-aperture extreme ultraviolet (NA-EUV) lithography machines designed for next-generation processors.

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Source Fool.com