When some investors think of essential semiconductor companies, they often look to Taiwan Semiconductor (TSMC) since it is the fab making chips for Apple, Nvidia, and others.

However, TSMC itself depends on an equipment maker for its manufacturing, and that equipment maker is ASML (NASDAQ: ASML). ASML is the only maker of extreme ultraviolet lithography (EUV) machines, the technology required to make the most advanced semiconductors. Additionally, thanks to rising demand and geopolitical concerns, the semiconductor stock is on a predictable growth trajectory that can significantly benefit its investors.

ASML calls itself "the most important tech company you've never heard of." Indeed, it has no direct contact with the consumer market, and its customer base is only a relatively small number of fabs that manufacture semiconductors.

Continue reading

Source Fool.com