Thiel-Backed Chip Startup Takes Aim at ASML’s Dominance

A new American startup called Substrate is making waves in the chipmaking industry by developing an innovative machine that uses particle acceleration to etch intricate circuitry onto silicon wafers. This technology aims to challenge the dominance of established giants like ASML and Taiwan Semiconductor Manufacturing Co. This development is significant as it could lead to increased competition in the semiconductor market, potentially driving down costs and fostering innovation.