ASML Holding NV

ASML: XAMS (NLD)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€276.00	Gztj	Nsggmbptm

We Expect ASML to Enjoy Strong Growth in 2023 Despite Industry Headwinds Thanks to EUV

Abhinav Davuluri

Jan 25, 2023

Business Strategy and Outlook

ASML is the predominant supplier of photolithography equipment for semiconductor manufacturers. We expect it to materially benefit from the proliferation of extreme ultraviolet, or EUV, lithography at leading-edge chipmakers, which we believe justifies ASML's wide economic moat rating.

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