ASMLASML
Moat score
The only company on Earth that makes the machine every leading-edge chip requires.
MOATE3.5Deep
3.5 Deep
| Dimension | MOATE | Community |
|---|---|---|
| Switching costsweight 15Fabs are designed around ASML tools; there is no second source for EUV to switch to. | 9 | — |
| Network effectsweight 15None in the classic sense; the supplier ecosystem is captive rather than compounding. | 3 | — |
| Scale & cost advantageweight 12Decades of R&D no rival has funded; each generation of tool costs more than the last. | 8 | — |
| Brand & pricing powerweight 12A monopoly that names its price and has a multi-year backlog anyway. | 8 | — |
| Cornered resourceweight 12The definitional case: EUV lithography exists at exactly one company. | 10 | — |
| Distribution controlweight 12Sells directly to a handful of fabs who cannot go elsewhere. | 7 | — |
| Disruption resilienceweight 12No substitute for EUV is credible within a decade; high-NA extends the lead. | 8 | — |
| Independenceweight 10Dutch and US export controls, China exposure, and a single optics supplier in Zeiss. | 3 | — |
Score it yourself
How strong is ASML's moat?
Question 1 of 8
Saved.