ASML Built an Unbreakable Monopoly on Chipmaking. It Might Be Its Own Worst Enemy.
ASML holds a 100% monopoly on the EUV lithography machines that make every advanced chip on Earth. But that dominance is eroding β not from a direct competitor, but from alternative technologies like nanoimprint and directed self-assembly, plus geopolitical weaponization that incentivizes the world to find ways around it. The most powerful chokepoint in tech may be engineering its own obsolescence.