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ASML ASML
The world’s only maker of EUV lithography machines, required for the most advanced chips.
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What it does
Builds the machines that “print” circuits onto silicon wafers using extreme ultraviolet light. Each system costs hundreds of millions of euros and is sold to TSMC, Samsung and Intel, among others.
- Ticker
- NASDAQ:ASML
- Headquarters
- Veldhoven, Países Baixos
- Founded
- 1984
Evidence Radar
✓ Evidence
- De facto monopoly in EUV.
- Delivered the first High-NA EUV systems (EXE:5000).
- A large share of revenue comes from servicing the installed base.
◷ Promises
- Make High-NA EUV the standard for the next chip generation.
⚠ What could go wrong
- Export controls to China.
- Cyclical orders: customers delay spending when demand falls.
- Extremely complex supply chain.
Educational content. Not a recommendation to buy or sell any asset.