ASML Holding(US:ASML) Xin Lang Cai Jing·2025-05-01 17:24Core Insights - ASML dominates the lithography machine market, holding over 85% of the global market share, with a 100% share in extreme ultraviolet (EUV) lithography machines and over 98% in immersion deep ultraviolet (DUV) lithography machines [1][5] - China has imported over 1,400 lithography machines from ASML since 1986, making it one of the regions with the highest number of ASML devices globally [3][7] - The primary reasons for China's extensive purchases include the underdevelopment of its own lithography technology and the ongoing efforts to develop its semiconductor industry [5][7] Market Dynamics - The average annual purchase from ASML by China is over 300 machines, with a shift from low-end to more high-end immersion DUV machines in recent years [7] - Due to export restrictions, China has been unable to acquire the much-needed EUV lithography machines from ASML [9] - It is anticipated that the number of lithography machines purchased from ASML by China will gradually decrease, with a projected revenue contribution from China dropping from 36% in 2024 to 20% in 2025 [9]