ASML (ASML) Shares Surge on Upcoming TSMC Executive Meeting

7 days ago

ASML Holding (ASML, Financial) saw a significant pre-market increase of 5%, reaching $750.2. According to reports from Taiwan, ASML's CEO, Christophe Fouquet, along with several senior executives, are set to meet with TSMC's Chairman and President, Mark Liu, and COO, Y.P. Chin, among other top executives.

The meeting aims to discuss TSMC's technological roadmap and procurement plans for the coming years. ASML is particularly interested in gaining insights into TSMC's strategies and is hopeful that TSMC will expedite and expand its orders for ASML's High NA EUV lithography machines, which are valued at approximately $3.8 billion.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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