ASML and the Chip Shortage: Why the CEO Thinks Competitors Won't Catch Up

Friends, I want to share an observation from the AI and semiconductor space.
ASML makes the world’s only EUV scanners for leading-edge chips; CEO Christoph Fuke says demand outpaces supply.

- EUV equipment is complex and costly—years of R&D, hundreds of suppliers, and hundreds of millions of dollars per machine.
- Fuke: high-NA is more expensive but can cut costs on some layers by 20–30% and is intended for decades.
- He calls reports of Chinese startups and reverse-engineering exaggerated—there have been no EUV tools in China; access is tightly restricted.

Why it matters: chip shortages and export controls create technological and geopolitical risk.
What do you think about the balance between export controls and the market?
#AI #semiconductors #ASML #chips