Top chip manufacturer "arms race", is this chip "arms dealer" the winner?
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The world's top chip manufacturers are getting involved in an AI arms race, with ASML emerging as the biggest beneficiary. ASML is the only company capable of producing extreme ultraviolet lithography machines, which are crucial equipment for manufacturing cutting-edge AI chips. ASML has invested heavily in research and development, establishing a strong competitive barrier. It is expected that its service revenue will continue to grow, with a projected 30% revenue increase in 2023. However, compared to other chip companies benefiting from the AI boom, ASML's stock price has shown a relatively lower increase
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