5 Biggest European Tech Companies

1. ASML Holding N.V. (NASDAQ:ASML)

Market Cap as of December 08, 2022: $246 billion

ASML Holding N.V. (NASDAQ:ASML) is a leading designer and manufacturer of lithography machines which are critical components in chip production. The chips produced by the company are used in many electronic devices, including smartphones, laptops, etc. The company employs more than 32,000 people across offices in more than 60 locations worldwide. ASML Holding N.V. (NASDAQ:ASML) revenue in 2021 stood at $22 billion.

Baron Opportunity Fund commented on ASML Holding N.V. (NASDAQ:ASML) in a Q2 2022 investor letter.

ASML Holding N.V. designs and manufactures semiconductor production equipment. It specializes in photolithography equipment, where light sources are used to photo-reactively create patterns on wafers that become printed circuits. ASML is the dominant leader across all types of lithography but, most importantly, is the only company selling equipment for extreme ultra-violet (EUV) lithography, the latest generation technology.

Indeed, because of the stalling out of Moore’s Law, advanced lithography of larger and multi-patterned silicon chips has been critical for leading-edge chip manufacturing and continued improvement in semiconductor chip performance over time. The company is well positioned to continue growing above industry rates as it rapidly adds capacity across its entire business to meet rising industry demand, especially from leading-edge customers continuing to invest to stay ahead of their competitors and drive chip performance forward.

Additionally, the introduction of high-NA EUV technology in the middle of the decade will add another leg to the growth opportunity.

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