ASML (ASML -3.6%) and SMIC (OTCQX:SMICY), China's largest chipmaker, extend their supply agreement until the end of 2021.
SMIC has already spent $1.2B with the semiconductor equipment company under the agreement, which started in 2018.
ASML says the order relates to deep ultraviolet lithography (DUV), an older chip machine than extreme ultraviolet lithography (EUV).
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