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Introduction
ASML (NASDAQ:ASML) is not a high-profile company outside of the semiconductor space. Yet, for those in the know, Advanced Semiconductor Materials Lithography is the preeminent supplier of machines used to construct semiconductors.
ASML is not a foundry – they do not manufacture chips for end users in the way that TSMC does. Rather, ASML sits at the very foundation of the semiconductor value chain; they build the machines that build semiconductors.
The company was founded in 1984 out of the Netherlands, where it is still headquartered. Growing rapidly since then, it first conducted a dual public listing (Amsterdam & New York) in 1995. The company’s stock has since outperformed both the SP500 as well as the NASDAQ Index (IXIC) by a significant multiple.
SeekingAlpha.com ASML 1.20.22
Notably, ASML stock also experienced less downward…
