ASML under pressure following report Samsung delaying completion of chip plant

ASML (ASML) is trading lower in pre-market on Thursday following a report by Nikkei Asia saying Samsung (SSNLF) is delaying completion of a semiconductor factory in Texas as the company struggles to find customers for the plant’s output. Nikkei Asia’s Kim Jaewon and Cheng Ting-Fang noted that Samsung previously announced plans to invest over $37B in Texas in the coming years, having been awarded a grant by the Biden administration of up to $4.7B in December under the CHIPS and Science Act, which aimed to advance U.S. technology leadership. PRICE ACTION: Shares of ASML have dropped about 2% in pre-market trading.