ASML Becomes Europe's Second Largest Public Company, Surpassing LVMH

TapTechNews June 6th news, according to Bloomberg, on Wednesday Eastern Time, ASML Holding NV became the second largest publicly traded company in Europe, and its market capitalization exceeded that of the luxury goods group LVMH for the first time.

Specifically, ASML's share price rose by more than 8% on Wednesday, bringing the market capitalization of this company that supplies equipment required for manufacturing the most advanced semiconductors to 377 billion euros (TapTechNews note: currently about 2.97 trillion yuan), which is about 641 million euros (currently about 5.051 billion yuan) higher than that of LVMH, second only to the biopharmaceutical company Novo Nordisk among European publicly traded companies.

Reports say that the surge in ASML's share price benefits from the news that its largest customer, TSMC, will receive High-NA EUV lithography machines by the end of this year. This lithography machine is the most powerful product of ASML so far, and each unit costs as much as 350 million euros (currently about 2.758 billion yuan). For ASML's investors, this news guarantees the future sales situation, as TSMC has expressed concerns about the price of this lithography machine.

Jefferies analyst Janardan Menon said that TSMC plans to increase the output of the next-generation 2-nanometer chips in the second half of 2025, but ASML has not received a large number of orders so far. 'It is expected that there will be a large number of orders in the next few quarters.'

It is worth mentioning that also on Wednesday Eastern Time, NVIDIA's share price rose by more than 5% and hit a new historical high, with the market capitalization exceeding 3 trillion US dollars, surpassing Apple to become the second-highest valued company in the world, second only to Microsoft, which TapTechNews reported in detail earlier today.