ASML vs. TSMC: A Tale of Two Tech Titans
ASML, for instance, makes these things called extreme ultraviolet lithography systems. I imagine them as the Swiss Army knives of chip-making, but with fewer blades and more existential dread. Their machines are so complicated that even the engineers who build them might as well be speaking a different language. Which, honestly, is probably why ASML’s CEO, Christophe Fouquet, said something about “increasing uncertainty” during his earnings call. It’s not that he’s worried about the future-he’s worried about the present, which is a lot like trying to predict the weather in a hurricane.