“Trading idea”: ASML – next stage of the chip revolution

• 

  Wolfgang Hagl
  Redaktor

With the presentation of a new, significantly more powerful EUV light source, ASML has once again demonstrated why the Netherlands is considered a technological pioneer in the semiconductor industry. While competitors in the United States and China are still tinkering with alternatives, the global market leader for lithography systems is demonstrating its innovative edge and making it clear that the next stage of chip manufacturing development has already begun.

The focus is on the further development of a technology without which modern high-performance chips would be virtually inconceivable: extreme ultraviolet lithography. ASML is currently the only supplier of commercially viable EUV machines that can project even the finest structures onto silicon wafers. Engineers have now succeeded in increasing the power of the light source from around 600 to approximately 1,000 watts. The effect is significant: more power means shorter exposure times, higher throughput rates and, thus, lower production costs per chip. By the end of the decade, the systems could be processing around 330 wafers per hour, compared to around 220 today.

“The record order intake of EUR 13.2 billion reflects the massive demand from chip manufacturers.”

Current business figures show that demand is already rising sharply. In the 4th quarter, ASML recorded a record-high order intake of EUR 13.2 billion, significantly exceeding expectations. Growth is primarily driven by investments from major chip manufacturers such as TSMC and Samsung, which are expanding their capacities for AI and data centre chips. At the same time, the company is re-
structuring its organisation, cutting around 1,700 management positions and strengthening specifically its engineering capacities.

On course for growth

This confidence is also reflected in the outlook: ASML expects revenues of between EUR 34 billion and EUR 39 billion for 2026. The medium-term goal remains ambitious: by 2030, revenues are expected to rise to between EUR 44 billion and EUR 60 billion, with gross margins of up to 60%. The combination of technological leadership and the structural AI boom could thus secure ASML a key long-term role in the global semiconductor industry.

Analysts are also optimistic about the future and see potential of up to EUR 1,410 for the technology stock. Trading-oriented investors can further intensify a possible continuation of the upward trend with a Mini Future long. The leverage is 6.44, with a stop loss of 12.88%. The product, which is listed on Swiss DOTS, can be traded on trading days between 8:00 a.m. and 10:00 p.m.

Product information*

ISIN	CH1507548860
Product type	Mini Future Long
Underlying	ASML
Issuer	BNP Paribas
Rating	A+ (S&P)
Trading currency	CHF
First trading day	13.01.2026
Maturity	open-end
Underlying	EUR
Ask underlying*	EUR 1,193.50
Financing level	EUR 1,007.01
Stop loss	EUR 1,057.37
Leverage	6.44
Ask*	CHF 17.07
Exchange	Swiss DOTS
Weblink	bnp.ch/CH1507548860

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