ASML (ASML, Financial) was featured in the Impax Global Environmental Markets Fund Q3 2024 commentary as a key player facing challenges due to geopolitical tensions. The company's share price was under pressure amidst speculation of US trade restrictions on semiconductor equipment exports to China. Despite these concerns, ASML's dominant position in EUV lithography technology supports its long-term growth prospects.
"ASML, similarly to other semiconductor production-equipment makers, the share price has been under pressure on speculation the US may impose additional restrictions on China's access to semiconductors and equipment. In addition, Intel’s results raised investors’ concerns that ASML would be disproportionately affected by a cutback on capex at Intel, which is a significant customer. The investment team believes these concerns are largely overblown given ASML's dominant position in extreme ultraviolet (EUV) lithography for advanced chips, which is where current investment is focused." — Impax Asset Management, Impax Global Environmental Markets Fund Q3 2024 Commentary
Read full letter at gurufocus impax global environmental markets fund q3 2024 commentary 2024 Q3 page.
