ASML HOLDING NV (ASML)

ASML is a company operating in the semiconductor industry, where it develops, industrializes and manufactures technology products and brings them to high-volume production, supported by ongoing R&D programs. The disclosed material indicates that it derives most of its revenues from the sale of a relatively small number of products and that a high percentage of its net sales comes from a few customers, reflecting a concentrated customer base within the cyclical chip-making market. Its operations rely on a limited number of manufacturing facilities and on a limited number of critical single-source suppliers of key components.

ASML operates internationally, including in Asia, and has opened a technical training academy in Phoenix. The company is governed by a two-tier structure of a Board of Management and a Supervisory Board, the latter with Audit, ESG, Remuneration, Selection and Nomination, and Technology committees. It reports under EU-IFRS and US GAAP and discloses revenue from contracts with customers and segment information.

The excerpt gives no further detail on specific products, segments or end markets.