A rival supply chain matures as the market treats it as a threat

Claim

Shanghai began mass-producing domestic immersion lithography, memory maker CXMT debuted up 466% as China's most valuable listed company and SK Hynix grew revenue 257%, so dumping ASML 3.4% and the Kospi 11% reads as a discount when cheaper memory and a redundant lithography path are what an intelligence explosion runs on.

Reported metric: +466% / +257%

Reporting date: 2026-07-29 (not necessarily the event date)

Sources

Attribution and reporting linked by this record; links do not imply independent verification.

• Welcome to July 29, 2026 (theinnermostloop.substack.com)