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EU Proposes Measures to Ease Energy Shock From Iran War

The European Union proposed "AccelerateEU" to navigate the Iran war-driven crisis, which it says it could reverberate for years. The plan aims to curb energy prices and address potential fuel shortages without undermining the bloc's climate ambitions or triggering damaging competition between nations. EU leaders are set to discuss the plan at a meeting in Cyprus. Bloomberg's Oliver Crook reports from Nicosia.

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Bloomberg

TSMC Says ASML's Latest Chipmaking Gear Is Too Pricey to Use

TSMC will hold off on deploying ASML's most cutting-edge lithography machines for chip production through 2029 to save money. The chipmaker has no plans to adopt ASML's latest high numerical aperture extreme ultraviolet lithography machines, or high-NA EUV, which fetch upwards of 350 million ($410 million) apiece. TSMC is ASML's largest customer, according to Bloomberg's supply chain data. Bloomberg's Neil Campling reports.

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