AI Demand Solidifies ASML's Path to EUR 60 Billion in Revenue by 2030
We believe ASML will remain the top lithography equipment provider in semiconductor foundries for the next two decades. TSMC, Intel, and Samsung redesigned their fabs a decade ago to make them suitable for extreme ultraviolet, or EUV, lithography, a costly and long endeavor, so it is quite unlikely ASML will be displaced from its place in the foundry. In addition, no competitor has yet matched ASML’s technological leadership, and we don't see this happening in the next 10 years. The company’s competitive advantage should keep expanding as it increases its already-high EUR 6 billion research and development budget.
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