ASML
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ASML · NASDAQ (ADR)
The only maker of EUV lithography machines — a literal monopoly at the source.
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Every chip below 7 nm passes through an ASML extreme-ultraviolet lithography machine; no other company on Earth can build one. Its ~$200M+ High-NA EUV systems are the tool for the next nodes, and Dutch-US export rules that keep EUV out of China are the sharpest instrument in the chip war. ASML is, by common consent, the most irreplaceable company in the supply chain.
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