New ASML CEO's job is harder than it might look [Reuters]
ASML Holding N.V. - New York Registry Shares (ASML)
Last asml holding n.v. - new york registry shares earnings: 4/15 01:00 am
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Source: Reuters
LONDON, May 9 (Reuters Breakingviews) - ASML is a monopoly in the true sense of the word. The $360 billion Dutch company faces no meaningful competition selling machines that manufacture the world's most advanced semiconductors. But as new Chief Executive Christophe Fouquet takes over, his predecessor Peter Wennink leaves behind challenges as well as strengths. ASML plays a critical role in the semiconductor supply chain, which itself is key to the data centre boom underpinning the expansion of artificial intelligence. The Veldhoven-headquartered company is the sole provider of lithography machines using extreme ultraviolet (EUV) light. These enable chipmakers to draw more intricate transistor designs a few nanometres wide on microchip wafers, allowing the likes of Apple's iPhone to become ever more sophisticated. When Wennink took over in 2013, two major developments helped him see off competitors like Japan's Nikon and Canon . ASML had just received the chunky funding it needed
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