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Giant companies such as Intel, TSMC and Samsung Electronics are preparing to expand production capacity, which will consolidate ASML’s position as the world’s only manufacturer of ultraviolet lithography machines for the chip industry.
The performance of these companies has propelled ASML to the top of the growth stock list, joined by artificial BroadCast Unitedligence and semiconductor giants Nvidia and Broadcom.
ASML currently trades at just over $1,000 per share and could be the next in a long line of companies to undergo stock splits, following only Nvidia and Broadcom.
Netherlands-based ASML provides chipmakers with the hardware, software and services needed to mass-produce patterns on silicon through photolithography.
The company operates globally, across Europe, the United States and Asia, with more than 42,700 employees.
Earlier this month, IMEC, a research and innovation center in the field of nanoelectronics, announced the opening of a digital high-aperture UV lithography laboratory in Veldhoven, the Netherlands, which will be jointly operated by it and ASM.
The two companies said the lab is a milestone in preparing the next generation of advanced lithography machines for large-scale manufacturing. It is expected to start up in 2025-2026.
On June 5, news broke that TSMC had purchased ASML’s digital high-aperture ultraviolet lithography system, and the company’s stock price rose by more than 9%.
A TSMC executive previously stated that digital large-aperture UV machines are expensive, with each ASML machine costing about $380 million.
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