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ASML Holding N.V.
The sole manufacturer of extreme ultraviolet lithography machines, enabling the production of the world's most advanced semiconductors.
Business Model
ASML is the sole manufacturer of extreme ultraviolet (EUV) lithography machines, the most critical and expensive equipment in semiconductor fabrication. Each EUV system costs between €150M and €350M, and no chip can be manufactured at the leading edge without one. ASML does not compete in a market. It defines one.
The company operates through three product lines. EUV lithography systems account for roughly 60% of revenue and represent the technological frontier.
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