• During CEO Christophe Fouquet’s recent visit to Seoul, ASML Holding and major chipmakers Samsung Electronics and SK Hynix discussed collaboration on advanced semiconductor manufacturing, including the installation and joint research efforts involving ASML’s cutting-edge high NA EUV lithography tools.

• SK Hynix became the world’s first to use ASML’s high NA EUV tool in mass production, while Samsung is committing to acquire these advanced machines and build a joint research plant with ASML, signaling rising industry adoption.

• We’ll examine how deeper technology collaboration with major chipmakers like Samsung and SK Hynix could influence ASML’s investment narrative.

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The core belief for an ASML shareholder centers on the company’s unique position as the sole supplier of high-end EUV lithography equipment, underscored by industry collaboration with leading chipmakers like Samsung and SK Hynix. While the recent news of expanded partnerships highlights growing industry adoption of ASML’s advanced tools, it does not materially alter the near-term catalyst: successful High NA EUV system ramp-up and broad adoption remain the primary drivers, with the biggest ongoing risk being persistent geopolitical tensions and related export controls.

Of the recent announcements, SK Hynix’s move to become the first chipmaker to deploy ASML’s high NA EUV tool in mass production stands out as most relevant to this news. This step directly ties to the ramp-up of the High NA platform, representing a practical milestone toward unlocking sustained multi-year revenue and earnings growth potential, provided customer adoption continues smoothly.

On the other hand, investors should be aware that intensifying geopolitical risks and export regulations remain a critical issue, especially as…

Read the full narrative on ASML Holding (it’s free!)

ASML Holding’s narrative projects €39.6 billion revenue and €12.1 billion earnings by 2028. This requires 7.2% yearly revenue growth and a €2.7 billion earnings increase from €9.4 billion.

Uncover how ASML Holding’s forecasts yield a €941.90 fair value, a 6% upside to its current price.

Fair value estimates from 83 members of the Simply Wall St Community range widely from €572.55 to €1,000. With High NA EUV adoption accelerating, opinions about the potential impact on long-term profitability differ sharply, so consider multiple viewpoints before forming your own thesis.