- The Dutch chip and chip-making tool manufacturer has beaten analysts' revenue forecast as well as outperforming the semiconductor industry's ETF.
- Empowered by product differentiation in lithography and access to a global market as a neutral European play, the company should continue to experience revenue growth.
- Looking towards geopolitical risks, by moving away from unilateralism, the new Biden administration should ensure less uncertainty for the semiconductor industry.
- However, due to the persistence of the COVID infection, getting worse in some locations, supply-chain challenges may crop up.
- Still, demand for chips remains strong and ASML is a buy with a potential 20% upside.
For further details see:
ASML: Stronger Than Ever