ASML Holding (ASML, Financial) is the largest designer and manufacturer of semiconductor capital equipment in the world. We believe the company is unique due to its de-facto monopoly status in high-end lithography and that its proprietary Extreme Ultra Violet (EUV) technology is a game changer that will position ASML for significant multi-year growth.
From Ron Baron's Baron Funds third quarter 2013 commentary.
From Ron Baron's Baron Funds third quarter 2013 commentary.
