ASML
ASML
ASML, installée à Veldhoven, construit les machines utilisées par les usines de puces pour imprimer des motifs sur le silicium. Pour les toutes dernières générations, il n'existe aucune alternative dans le monde.
- Ticker
- ASML
- Exchange
- Euronext Amsterdam / Nasdaq
- Headquarters
- Veldhoven, Nederland
- Founded
- 1984
- Role in the AI chain
- Supply chain
Indicative, delayed price. Not investment advice.
Ce que font les machines
La lithographie expose un motif sur une plaquette de silicium. Les systèmes EUV d'ASML utilisent des longueurs d'onde extrêmement courtes, permettant des structures de quelques nanomètres de large.
Une machine coûte plusieurs centaines de millions d'euros et est livrée en pièces détachées ; les contrats de service ultérieurs constituent un flux de revenus régulier.
Règles d'exportation et politique
Les Pays-Bas et les États-Unis restreignent les exportations des systèmes les plus avancés vers la Chine, ce qui affecte le carnet de commandes et fait d'ASML un dossier géopolitique.
Pendant ce temps, la demande en IA stimule les investissements chez TSMC, Samsung et Intel, dont ASML bénéficie en premier lieu.
Risques
Le cycle de commande est fluctuant et la base de clients est restreinte.
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
Pourquoi ASML n'a-t-elle aucune concurrence dans l'EUV ?
La technologie a nécessité des décennies et une chaîne de fournisseurs spécialisés. Personne d'autre ne dispose d'un système fonctionnel.
Quel est l'impact des restrictions d'exportation ?
Elles plafonnent les ventes des systèmes de pointe vers certains marchés, tandis que les investissements dans l'IA stimulent la demande ailleurs.
ASML est-elle une action IA ?
Indirectement : sans ces machines, il n'y a pas de puces d'IA avancées.
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.