ASML
ASML
ASML a Veldhoven costruisce le macchine che le fabbriche di chip utilizzano per stampare i circuiti sul silicio. Per le ultime generazioni non esiste alcuna alternativa al mondo.
- Ticker
- ASML
- Exchange
- Euronext Amsterdam / Nasdaq
- Headquarters
- Veldhoven, Nederland
- Founded
- 1984
- Role in the AI chain
- Supply chain
Indicative, delayed price. Not investment advice.
Cosa fanno le macchine
La litografia proietta un motivo su un wafer. I sistemi EUV di ASML utilizzano lunghezze d'onda estremamente corte, consentendo dettagli ampi pochi nanometri.
Una macchina costa centinaia di milioni di euro e viene spedita in moduli; i contratti di assistenza successivi rappresentano un flusso di entrate costante.
Regole di esportazione e politica
I Paesi Bassi e gli Stati Uniti limitano le esportazioni dei sistemi più avanzati verso la Cina, colpendo il portafoglio ordini e rendendo ASML un dossier geopolitico.
Nel frattempo, la domanda di IA spinge gli investimenti in TSMC, Samsung e Intel, con ASML che ne beneficia per prima.
Rischi
Il ciclo degli ordini è irregolare e la base clienti è ristretta.
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
Perché ASML non ha concorrenza nell'EUV?
La tecnologia ha richiesto decenni e una catena di fornitori specializzati. Nessun altro dispone di un sistema funzionante.
Quanto incidono i limiti all'esportazione?
Limitano le vendite dei sistemi di punta in determinati mercati, mentre gli investimenti nell'IA fanno salire la domanda altrove.
ASML è un titolo legato all'IA?
Indirettamente: senza queste macchine non esistono chip avanzati per l'IA.
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.