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America wants to win the AI race but its own contradictions keep getting in the way
Jun 20, 2026
< 1 min read
by Noor Bazmi
for CryptoPolitan
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The US reportedly warned that an ASML extreme ultraviolet (EUV) lithography machine may have ended up in Chinese hands, and US Commerce Secretary Howard Lutnick held multiple meetings with ASML executives to raise concerns that such a transfer would breach export controls. If confirmed, the incident could shift semiconductor supply and chip node access, affecting crypto mining hardware availability, ASIC/GPU supply, and raising security and regulatory risks for crypto markets and infrastructure.
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The United States is worried that China has its hands on advanced chip-making machines, sent to them by ASML. Howard Lutnick, the US Commerce Secretary, reportedly sat down with ASML executives several times to share his fear that an extreme ultraviolet (EUV) lithography machine had somehow landed in Chinese hands. Such a move would break...
