Amid forecasts of increasing demand for AI-based semiconductors, Dutch semiconductor equipment company ASML's stock price rose to the third-largest market capitalization position in the European stock market, Bloomberg reported on the 22nd (local time).
On that day, ASML's stock price in the European market rose 3% compared to the previous closing price, reaching its highest level in two years and surpassing food company Nestl? in market capitalization. ASML's market cap was valued at $306 billion (approximately 409 trillion KRW), while Nestl?'s market cap was $301 billion (approximately 402 trillion KRW).
ASML ranked third in market capitalization on the European stock market, following Danish pharmaceutical company Novo Nordisk and LVMH (Louis Vuitton Mo?t Hennessy). Bloomberg analyzed that ASML's stock price increase was due to the recovery in semiconductor manufacturers' spending on advanced equipment, leading to expectations of significant growth for the company next year.
Earlier, ASML's client and the world's largest foundry semiconductor manufacturer, Taiwan's TSMC, announced a forecast that its sales this year would increase by more than 20% compared to last year.
ASML dominates the global lithography equipment market. Lithography equipment uses light, such as extreme ultraviolet (EUV), to project onto semiconductor raw material wafers to engrave fine circuits.
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