Chinese scientists have created a prototype machine capable of producing extreme ultraviolet light, possibly reverse-engineered from ASML technology. ASML machines are complex and essential for chip manufacturing, making them a preferred choice over any potential Chinese alternatives. ASML’s future success is not heavily reliant on China, and investors remain confident in the company’s wide moat and fair value estimate of EUR 850. Watching documentaries like “ASML’s Secret” can provide deeper insights into ASML and the semiconductor industry.

Read more at Morningstar: ASML: The Reports of My Death Have Been Greatly Exaggerated; Wide Moat Intact