4 Reasons to Consider Buying ASML Stock
ASML Holding (NASDAQ: ASML), the world's largest supplier of lithography systems for the semiconductor industry, might not be a familiar name to many investors. But the Dutch company's stock has roughly doubled over the past 12 months, and it could still have room to run, for four simple reasons.
Lithography systems use light to print circuit patterns onto silicon wafers. ASML controls nearly 90% of this market, and its top customers include Taiwan Semiconductor Manufacturing (NYSE: TSM), Intel (NASDAQ: INTC), and Samsung.
ASML spent the past two decades developing its latest EUV (extreme ultraviolet) lithography machines, which are now being used to develop the world's smallest and most advanced chips. TSMC, for example, produced Apple's (NASDAQ: AAPL) newest 5nm chips with ASML's EUV machines.
Source Fool.com
