Would you invest in a company that sells only about 40 units of its product annually? If it's a large defense contractor selling jets to the government, that is a substantial sales quota. But what about a machine that shoots lights onto semiconductors? That might not seem impressive at first, but you could buy a squadron of F-35Bs from Lockheed Martin Corp. (NYSE: LMT) for the price of a single Extreme Ultraviolet (EUV) lithography machine. And like the F-35B, there’s only one company on the planet making EUV machines: ASML Holdings N.V. (NASDAQ: ASML). Today, we’ll look at how this company has become the Netherlands’ most powerful tech firm and one of the linchpins holding the entire semiconductor industry together.
