ASML
ASML
ASML en Veldhoven fabrica las máquinas que utilizan las fundiciones de chips para imprimir patrones en silicio. Para las generaciones más recientes no existe alternativa en ninguna parte.
- Ticker
- ASML
- Exchange
- Euronext Amsterdam / Nasdaq
- Headquarters
- Veldhoven, Nederland
- Founded
- 1984
- Role in the AI chain
- Supply chain
Indicative, delayed price. Not investment advice.
Qué hacen las máquinas
La litografía expone un patrón sobre una oblea. Los sistemas EUV de ASML utilizan longitudes de onda extremadamente cortas, lo que permite lograr elementos de unos pocos nanómetros de ancho.
Una máquina cuesta cientos de millones de euros y se envía por partes; los contratos de servicio posteriores constituyen un flujo constante de ingresos.
Normas de exportación y política
Países Bajos y Estados Unidos restringen las exportaciones de los sistemas más avanzados a China, lo que afecta a la cartera de pedidos y convierte a ASML en un asunto geopolítico.
Mientras tanto, la demanda de IA impulsa la inversión en TSMC, Samsung e Intel, de lo cual ASML es la primera beneficiada.
Riesgos
El ciclo de pedidos es irregular y la base de clientes es reducida.
Competition and moat
ASML has no competitor in EUV lithography. Comfortable, but it also means revenue depends entirely on the capex appetite of a handful of customers: TSMC, Samsung, Intel and a few memory makers.
Export rules are the second variable. Dutch and US licences decide which machines may ship to China, which accounted for a large share of older-system revenue for years.
Numbers to follow each quarter
Quarterly bookings drive the share, more than recognised revenue, which lags by one to two years. Service revenue is worth watching too; it stabilises a weak cycle.
High-NA EUV is the long line: every system sold is large revenue, and customer adoption says something about the next chip generation.
Where this company sits in the AI chain
Suppliers deliver the machines and manufacturing that let the rest of the chain exist at all. Their revenue leads chip demand by years, because a fab or a tool is ordered long in advance.
That makes the order book the real news here. Today's recognised revenue is a decision taken two years ago.
How to use this page
The price shown for ASML is indicative and delayed; use your broker's data before placing an order. The explanation above is meant to help you read the news, not to time a trade.
Compare a company with its peers in the same link of the chain before drawing conclusions, and check whether a move follows results, guidance or simply the broader market.
- Ticker ASML on Euronext Amsterdam / Nasdaq, headquartered in Veldhoven, Nederland.
- Editorial explanation by the Block #9 newsroom, not investment advice.
- Prices can swing hard; never invest money you need in the short term.
Frequently asked questions
¿Por qué ASML no tiene competencia en EUV?
La tecnología requirió décadas y una cadena de proveedores especializados. Nadie más dispone de un sistema operativo.
¿Hasta qué punto afectan los límites a la exportación?
Limitan las ventas de los sistemas punteros a determinados mercados, mientras que la inversión en IA eleva la demanda en otros lugares.
¿Es ASML una acción de IA?
Indirectamente: sin estas máquinas no existen chips de IA avanzados.
Where is ASML listed?
ASML trades under ticker ASML on Euronext Amsterdam / Nasdaq, with headquarters in Veldhoven, Nederland. European investors also carry currency risk on top of the share price move.
Is ASML an AI stock?
It is part of the AI chain as a supplier. That does not mean every euro of revenue comes from AI, check the segment reporting before assuming it does.
Are the prices on this page live?
No. They are indicative and can be delayed. Use your broker for the executable price.
This page is editorial explanation, not investment advice. Share prices can swing hard; never invest money you need.