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The shares of ASML, a Dutch-based company that makes semiconductor equipment, increased by 7.6% to a high of €1,167. This has raised the company's market capitalization to roughly €453 billion, which is about $527 billion, Bloomberg reports. Since the beginning of 2026, ASML's shares have gone up by 24%.
The rise in ASML's share price was driven by Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker and a major customer of ASML. TSMC released a forecast showing higher-than-expected capital spending for 2026, Bloomberg reports. TSMC is expected to spend $56 billion this year, which is at least 25% more than the previous year. This indicates that the company is optimistic about the long-term growth of the global AI industry, Bloomberg noted.
Currently, ASML is the most valuable company in Europe based on market capitalization. It is the sole manufacturer of lithography equipment used in the microelectronics industry. However, even with a market value of $500 billion, ASML still trails behind the world's largest tech companies. For example, the market values of Nvidia and Alphabet are more than $4 trillion.
source: bloomberg.com
The rise in ASML's share price was driven by Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker and a major customer of ASML. TSMC released a forecast showing higher-than-expected capital spending for 2026, Bloomberg reports. TSMC is expected to spend $56 billion this year, which is at least 25% more than the previous year. This indicates that the company is optimistic about the long-term growth of the global AI industry, Bloomberg noted.
Currently, ASML is the most valuable company in Europe based on market capitalization. It is the sole manufacturer of lithography equipment used in the microelectronics industry. However, even with a market value of $500 billion, ASML still trails behind the world's largest tech companies. For example, the market values of Nvidia and Alphabet are more than $4 trillion.
source: bloomberg.com