Nilushi Karunaratne: ASML is a hidden tech gem

12/01/2021 - 08:40

ASML (NL:ASML) is not a household name but it is a linchpin of modern technology, enabling the electronic devices we use every day. Dual-listed in Amsterdam and New York, the group describes itself as “the most important tech company you’ve never heard of” as it supplies the ‘lithography’ machines that are essential for manufacturing semiconductors. ‘Lithography’ is the use of light to print tiny circuit patterns onto silicon wafers. The group’s customer roster includes all of the major chipmakers such as Intel (US:INTC), Samsung (KR:005930) and Taiwan Semiconductor Manufacturing Corp. (TW:2230).