How ASML Builds a $150 Million EUV Machine

ASML is a critical supplier of semiconductor lithography machinery for foundries like Intel and TSMC. In my video discussing TSMC's $28 billion capital expenditure, I briefly discussed their situation. Their CEO said in an earnings call that they can make 50 high-end EUV lithography machines a year. That's it. Without those machines, the foundries cannot churn out more 5nm chips.

So why not make more of these machines? ASML itself has thousands of suppliers making parts that end up into its machines. Coordinating and integrating all of these parts together into a single smooth-running machine is immensely challenging.