Better Chip Stock: ASML vs. TSMC

Which of these semiconductor bellwethers is a better investment?ASML (ASML 3.23%) and Taiwan Semiconductor Manufacturing (TSM -2.46%), also known as TSMC, are both linchpins of the global semiconductor market. ASML is the world's largest producer of photolithography systems, which optically etch circuit patterns onto silicon wafers. TSMC, which uses ASML's systems to manufacture its chips, is the world's largest and most technologically advanced contract chipmaker.ASML is also the only producer of extreme u ...