ASML

Veldhoven-based maker of lithography systems for semiconductor production

Overview

ASML Holding of Veldhoven, the Netherlands, develops, produces, sells and services advanced semiconductor equipment, including lithography, metrology and inspection systems; Forbes records its founding on 1 April 1984.[2] It is the largest semiconductor-equipment company in this ranking, with Forbes sales of US$39.0bn, up 18.4%, and profit of US$11.6bn.[2] ASML does not make chips; its lithography machines are sold to chip manufacturers. It is the largest European company in the ranking, with a market value of US$585.7bn, and fell one place, from seventh to eighth, as Micron overtook it.[2]

ASML strengths and limitations

Strengths

  • Largest European semiconductor company
  • Profit margin of 30%
  • Sales growth of 18.4%

Limitations

  • Smaller than the largest chip makers it supplies
  • Orders depend on chip makers' capital spending
  • Fell one place

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