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Shares of major semiconductor companies dropped sharply on Monday after a report suggested that a Chinese firm has made significant progress in developing advanced chipmaking equipment. The news raised concerns among investors that China could reduce its reliance on foreign technology and strengthen its position in the global semiconductor industry. The market reaction followed a report by The Information, which said Shanghai Yuliangsheng is producing immersion deep ultraviolet lithography machines. These machines use ultraviolet light to carve extremely small circuits onto silicon wafers, a key step in manufacturing modern computer chips. Neither Shanghai Yuliangsheng nor related companies SiCarrier and Huawei responded immediately to requests for comment. However, the report was enough to unsettle investors, who fear that China’s progress in chip manufacturing could reshape competition in the technology sector. If the reported breakthrough proves successful, China could reduce its dependence on Dutch company ASML, the world’s leading supplier of advanced lithography equipment. ASML’s exports are subject to strict restrictions, limiting China’s access to some of the most advanced chipmaking technology. Developing its own DUV lithography machines would allow China to expand domestic chip production and accelerate the development of more powerful processors. Industry analysts believe this could help Chinese technology companies narrow the gap with leading American semiconductor manufacturers. The development is also seen as important for China’s artificial intelligence industry. Improved access to advanced chips would strengthen the country’s AI capabilities and help Chinese companies compete more closely with leading US firms developing cutting edge AI models. The report triggered heavy selling across the US technology sector. Shares of AMD fell by as much as eight percent during trading, while Nvidia dropped nearly five percent. Micron Technology also lost around five percent, and Intel declined about 3.7 percent as investors reassessed the competitive outlook for the semiconductor industry. The decline spread quickly to Asian markets on Tuesday. South Korea’s stock market suffered steep losses as concerns over the future of the AI industry combined with the reported Chinese breakthrough. The Kospi index plunged more than 10 percent to its lowest level since April. Major South Korean chipmakers were among the hardest hit. Shares of SK hynix and Samsung Electronics each fell by around 12 percent as investors worried that stronger competition from China could affect future earnings and market share. Japan’s technology sector also came under pressure. The Nikkei 225 index dropped more than four percent, while leading technology companies including Advantest, Kioxia and Tokyo Electron each lost more than 10 percent during trading. The sharp decline across global markets highlights how closely investors are watching developments in the semiconductor industry. As countries compete to secure leadership in chip production and artificial intelligence, even reports of technological advances can have an immediate impact on stock markets and reshape expectations for the future of the global technology sector.

North Korea has issued a fresh warning to Japan, saying it could adopt new military measures in response to Tokyo’s growing defence capabilities. The statement came after Japan conducted a test of a US-made Tomahawk cruise missile, a move Pyongyang described as a serious security threat. Kim Yo Jong, the influential sister of North Korean leader Kim Jong Un, accused Japan of abandoning its traditional defensive military posture and moving toward offensive capabilities. In a statement released through North Korea’s state media, she claimed Tokyo is developing the ability to carry out pre-emptive strikes and military operations beyond its borders. She pointed to Japan’s recent Tomahawk missile launch from the Aegis destroyer Chokai in the Pacific Ocean, along with other missile tests and its participation in joint military exercises led by the United States in the Philippines earlier this year. Kim warned that North Korea would take additional military steps if Japan continued strengthening its armed forces. Although she did not specify what actions Pyongyang might take, she said Japan would face greater security risks as a consequence of its military expansion. The North Korean official also blamed the United States for supporting Japan’s military modernisation. She accused Washington of supplying Tomahawk missiles, upgrading Japanese naval vessels to operate the weapons, and backing missile tests, arguing that the US is encouraging policies that increase tensions in the region. According to Kim, Japan’s acquisition of long-range strike capabilities places North Korea and other neighbouring countries within potential missile range, raising concerns over regional stability. The latest remarks are part of a broader campaign by Pyongyang against growing security cooperation between the United States, Japan and South Korea. North Korean state media has repeatedly criticised joint military exercises and defence partnerships, describing them as provocative and a threat to peace on the Korean Peninsula. Regional analysts believe the statement is aimed at portraying Japan’s military modernisation as justification for North Korea’s continued weapons development. Experts also suggest the rhetoric could signal preparations for future military demonstrations, including missile launches or other strategic weapons tests, as Pyongyang seeks to reinforce its deterrence strategy amid rising regional tensions.