ASML is the only producer of EUV lithography equipment in the world, required for manufacturing advanced semi-conductor chips used in all our iPhones, computers, etc. There’s countless videos on their monopoly.
What my question is—and I’ve been failing to get the answer to—is how did they first establish this monopoly, and how have they maintained it?
Why did they succeed where Intel, US National labs, and other companies failed? And why haven’t other companies been able to catch up through R&D?
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