ASML is a leading supplier of photolithography equipment used in the production of semiconductor devices. The company holds a dominant position in the market due to its advanced technology and strong relationships with major semiconductor manufacturers. ASML's cutting-edge EUV (Extreme Ultraviolet) lithography systems are crucial for the production of next-generation chips. However, the company faces challenges such as high R&D costs, supply chain dependencies, and geopolitical tensions. As the demand for semiconductor devices continues to grow with advancements in AI, IoT, and 5G, ASML has significant opportunities to expand its market presence. Nevertheless, the company must navigate competitive pressures and potential regulatory changes to maintain its leadership.