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ASML: The Irreplaceable Engine of Modern Chips | Intelligent Wealth Podcast
Manage episode 515566603 series 3578623
ASML (AMS/NASDAQ: ASML) powers the world’s most advanced chips. In this episode of the Intelligent Wealth Podcast, Tony Byrne (Fund Manager), Carl Roberts (Fellow Director) and Awet Ghirmay (Head of Research) break down ASML’s EUV monopoly, why TSMC/Intel/Samsung depend on it, the 70/30 revenue mix (systems vs services), backlog, buybacks, valuation, and the big risks (customer concentration, supply chain, geopolitics, and “what’s next” tech shifts).
Why it matters for serious investors: ASML sits at the “picks & shovels” layer of the AI and semiconductor supercycle. From EUV dominance and 14k+ patents to a growing services flywheel, we discuss whether today’s premium is justified and how to think about long-term returns.
Keypoints:
00:00 Introduction to ASML and the Podcast
02:01 Understanding ASML's Business Model
05:01 ASML's Dominance in Semiconductor Manufacturing
08:00 The Importance of Processing Power
10:47 ASML's Market Control and Historical Context
15:13 The Size and Technology of ASML's Machines
16:38 Identifying Risks in ASML's Business
20:20 Valuation and Future Growth Potential
22:43 Geopolitical Risks and Future Wars
26:42 Concluding Thoughts on ASML's Future
🎁 Free 1-Page Company Snapshot: https://mailchi.mp/minervamoneymanagement/how-to-get-top-company-snapshots
Resources & Mentions:
🌐 Minerva Money Management – https://minervamoneymanagement.co.uk
🌐 ASML - https://www.asml.com/en
Apple Podcast: https://podcasts.apple.com/mk/podcast/intelligent-wealth-podcast/id1750755768
📌 Next Episode → A deep dive into Nova Measuring Instruments, a provider of metrology devices for advanced process control used in semiconductor manufacturing. Turn on to receive the notifications!
Thank you all for listening, and let us know what you think in the comments!
Disclaimer:
The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice.
--------------------
Music from #Uppbeat (free for Creators!):
https://uppbeat.io/t/abbynoise/night-...
License code: C4BIIEC6POGUQVDJ
38 episodes
Manage episode 515566603 series 3578623
ASML (AMS/NASDAQ: ASML) powers the world’s most advanced chips. In this episode of the Intelligent Wealth Podcast, Tony Byrne (Fund Manager), Carl Roberts (Fellow Director) and Awet Ghirmay (Head of Research) break down ASML’s EUV monopoly, why TSMC/Intel/Samsung depend on it, the 70/30 revenue mix (systems vs services), backlog, buybacks, valuation, and the big risks (customer concentration, supply chain, geopolitics, and “what’s next” tech shifts).
Why it matters for serious investors: ASML sits at the “picks & shovels” layer of the AI and semiconductor supercycle. From EUV dominance and 14k+ patents to a growing services flywheel, we discuss whether today’s premium is justified and how to think about long-term returns.
Keypoints:
00:00 Introduction to ASML and the Podcast
02:01 Understanding ASML's Business Model
05:01 ASML's Dominance in Semiconductor Manufacturing
08:00 The Importance of Processing Power
10:47 ASML's Market Control and Historical Context
15:13 The Size and Technology of ASML's Machines
16:38 Identifying Risks in ASML's Business
20:20 Valuation and Future Growth Potential
22:43 Geopolitical Risks and Future Wars
26:42 Concluding Thoughts on ASML's Future
🎁 Free 1-Page Company Snapshot: https://mailchi.mp/minervamoneymanagement/how-to-get-top-company-snapshots
Resources & Mentions:
🌐 Minerva Money Management – https://minervamoneymanagement.co.uk
🌐 ASML - https://www.asml.com/en
Apple Podcast: https://podcasts.apple.com/mk/podcast/intelligent-wealth-podcast/id1750755768
📌 Next Episode → A deep dive into Nova Measuring Instruments, a provider of metrology devices for advanced process control used in semiconductor manufacturing. Turn on to receive the notifications!
Thank you all for listening, and let us know what you think in the comments!
Disclaimer:
The value of investments can rise as well as fall. You may not get back the full amount you invested. The views stated in this podcast are purely personal opinions, not advice. You should always consult a professional for investment advice.
--------------------
Music from #Uppbeat (free for Creators!):
https://uppbeat.io/t/abbynoise/night-...
License code: C4BIIEC6POGUQVDJ
38 episodes
All episodes
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