| ASML's business is a lynchpin within the semiconductor industry - no other company is able to provide the extreme ultraviolet (EUV) lithography systems that enable chip manufacturers to fabricate the most cutting-edge devices needed for AI and other critical applications. The equipment also relies on a highly complex and global supply chain involving hundreds of companies. While the new US administration wants to attract chip producers back to the US, their threatened tariffs would add significant costs to any customers importing such systems, which already cost hundreds of millions of dollars to buy, into the country. Photo: ASML. |