The coming of AI has fueled explosive growth for chip manufacturers like Nvidia, Advanced Micro Devices, and Micron, but one company quietly powers the entire sector: ASML. Originally standing for Advanced Semiconductor Materials Lithography, ASML is the world’s only manufacturer of extreme ultraviolet (EUV) lithography machines.

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The semiconductor industry depends on lithographic processes that use light to transfer circuit patterns onto silicon wafers. ASML’s EUV technology is at the forefront of this method.

Nvidia does not manufacture its own chips; it relies on TSMC to produce its renowned AI GPUs. TSMC in turn uses ASML’s EUV machines for that production.

Consequently, Micron has become one of the biggest beneficiaries of the AI boom. Like Nvidia, Micron also depends on ASML to manufacture advanced DRAM and High Bandwidth Memory (HBM).

ASML’s EUV platforms are also used by Samsung and Intel to create their most sophisticated semiconductors. It would be much harder to produce today’s state-of-the-art processors and memory chips without ASML’s equipment.

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Meanwhile, ASML’s unique market position has led to significant stock price growth. The company’s stock has risen by 147.76% in the last year, reflecting the rising demand for AI chips and memory.

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