Dongfang Jingyuan Electron, a Chinese company that provides software for chip manufacturing methods, has dismissed accusations of alleged intellectual property theft from Dutch lithography giant ASML Holding NV (ASML.AS) as “fake information.”
On Friday, the corporation noted the “recent appearance of a huge number of reports relating to our company in online media that are incongruous with the facts” on its official social media account.
ASML cautioned its clients not to do business with Dongfang Jinguan earlier this week in an annual results report, stating it was selling products that would infringe on its intellectual property.
ASML went on to say that it was considering legal action against the corporation.
ASML is the market leader in lithography machines, which are used to create chips from silicon wafers.
Export limitations in the United States have prohibited the company from sending its most groundbreaking extreme ultraviolet (EUV) technology to Chinese clients. Chinese enterprises are unable to manufacture modern computer chips as a result of the restrictions in place.
