The Tradition of Knowledge Behind ASML - by Samo Burja

Europe’s most valuable tech company is the only manufacturer of the machines needed to make advanced computer chips. This market monopoly rests on a Dutch tradition of knowledge and industrial policy.

ASML engineers working on photolithography machinery in a “clean room.” Photo courtesy of ASML. Source. ASML is a publicly-traded Dutch technology company with a market capitalization of $236 billion as of October 2023, making it Europe’s largest tech company.1 Headquartered in a suburb of the small city of Eindhoven, the semiconductor company is one of the largest global suppliers of photolithography machines, which are used by semiconductor manufacturers to create the required patterns on silicon wafers used in computer chips. ASML also holds a monopoly on the development and…

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