ASML (NASDAQ: ASML) is one of the world's most important semiconductor equipment companies. It's the largest producer of lithography systems, which are used to optically etch circuit patterns onto silicon wafers. It's also the only supplier of high-end extreme ultraviolet (EUV) lithography systems for producing the world's smallest and densest chips.

ASML's monopolization of that crucial technology enabled it to increase revenue at a compound annual growth rate (CAGR) of 18% from 2013 to 2023. Its stock has soared nearly 980% over the past decade and boosted its market cap to $373 billion.

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Source Fool.com