{"slug":"asml","name":"ASML","name_en":"ASML","ticker":"ASML","updated_at":"2026-06-20","canonical":"https://valuechain.wiki/asml","kicker":"노광장비 · EUV 독점","kicker_en":"Lithography · EUV monopoly","lead":"반도체 노광장비 독점 공급사. EUV(특히 High-NA)는 ASML이 세계 유일. FY2025 매출 €32.7조(€32.7B), 고객은 TSMC·삼성·SK·인텔·마이크론 등 모든 첨단 반도체 제조사. 2025년 EUV 출하의 2/3을 삼성·SK가 확보.","lead_en":"The monopoly supplier of advanced lithography. ASML is the world's only maker of EUV, and especially High-NA EUV. FY2025 revenue €32.7B; customers include every leading-edge chipmaker (TSMC, Samsung, SK, Intel, Micron). Samsung and SK took two-thirds of 2025 EUV shipments.","segments":{"fy":2025,"parts":[{"desc":"극자외선 노광(High-NA 포함). EUV 매출 €11.6B","name":"EUV"},{"desc":"심자외선 노광","name":"DUV"},{"desc":"계측·서비스","name":"Applications·Service"}],"total":"€32.7B (FY2025). 최대고객 €7.8B(~24%), 3대 고객 ~60%+","source":"https://www.sec.gov/Archives/edgar/data/937966/000162828026011378/asml-20251231.htm","concentration":"최대고객이 매출의 ~24%(€7.8B). 2025 EUV 출하의 2/3을 삼성·SK가 확보(약 40대, $14B). Q1 메모리 고객이 장비매출 51%로 로직 추월(8년만)"},"segments_en":{"parts":[{"desc":"Extreme ultraviolet lithography (incl. High-NA). EUV revenue €11.6B","name":"EUV"},{"desc":"Deep ultraviolet lithography","name":"DUV"},{"desc":"Metrology and service","name":"Applications & Service"}],"total":"€32.7B (FY2025). Largest customer €7.8B (~24%), top 3 ~60%+","concentration":"Largest customer is ~24% of revenue (€7.8B). Samsung and SK took two-thirds of 2025 EUV shipments (~40 units, $14B). In Q1, memory customers were 51% of equipment revenue, passing logic for the first time in 8 years"},"edges":[{"direction":"revenue","counterparty":"삼성전자","counterparty_slug":"samsung-electronics","confidence":"high","metric":{"type":"unit_count","unit":"대","basis":"삼성·SK 합산 EUV 출하(전체 2/3, $14B)","value":40,"period":"2025","basis_en":"Samsung+SK combined EUV shipments (two-thirds of total, $14B)","qualifier":"combined"},"note":"EUV 최대 고객. SK와 합해 2025 EUV 출하의 2/3 확보.","note_en":"Top EUV customer; with SK, took two-thirds of 2025 EUV shipments.","sources":[{"stance":"confirms","publisher":"Seoul Economic Daily","publisher_en":"Seoul Economic Daily","kind":"news","lang":"en","published_at":"2026-04-17","url":"https://en.sedaily.com/finance/2026/04/17/samsung-sk-secure-two-thirds-of-asmls-annual-euv-shipments","title":"Samsung, SK Secure Two-Thirds of ASML's Annual EUV Shipments","title_en":"Samsung, SK Secure Two-Thirds of ASML's Annual EUV Shipments","excerpt":"삼성·SK가 2025 ASML EUV 출하의 2/3(약 40대, $14B 투자) 확보.","excerpt_en":"Samsung and SK secured two-thirds of ASML's 2025 EUV shipments (~40 units, $14B)."}]},{"direction":"revenue","counterparty":"TSMC","counterparty_slug":"tsmc","confidence":"high","metric":null,"note":"EUV·DUV 노광장비 최대 고객 중 하나(로직 파운드리).","note_en":"One of the largest EUV/DUV customers (logic foundry).","sources":[{"stance":"mentions","publisher":"한국경제","publisher_en":"Korea Economic Daily","kind":"news","lang":"ko","published_at":"2026-04-23","url":"https://www.hankyung.com/article/202604231581i","title":"대만 TSMC, 네덜란드 ASML 최신 장비 도입 보류","title_en":"Taiwan's TSMC holds off on adopting ASML's latest equipment","excerpt":"TSMC도 ASML 최신 High-NA EUV 고객(도입 시점 조율 중).","excerpt_en":"TSMC is also an ASML High-NA EUV customer (timing under review)."},{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-25","url":"https://www.sec.gov/Archives/edgar/data/937966/000162828026011378/asml-20251231.htm","title":"ASML Form 20-F (FY2025, 2025-12-31)","title_en":"ASML Form 20-F (FY2025, 2025-12-31)","excerpt":"ASML 20-F: 매출이 소수 대형고객에 집중(최대고객 €7.8B).","excerpt_en":"ASML 20-F: sales are concentrated among a limited group of large customers (largest €7.8B)."}]},{"direction":"revenue","counterparty":"SK하이닉스","counterparty_slug":"sk-hynix","confidence":"high","metric":null,"note":"EUV 주요 고객. 삼성과 합해 2025 출하 2/3.","note_en":"Major EUV customer; with Samsung, two-thirds of 2025 shipments.","sources":[{"stance":"confirms","publisher":"Seoul Economic Daily","publisher_en":"Seoul Economic Daily","kind":"news","lang":"en","published_at":"2026-04-17","url":"https://en.sedaily.com/finance/2026/04/17/samsung-sk-secure-two-thirds-of-asmls-annual-euv-shipments","title":"Samsung, SK Secure Two-Thirds of ASML's Annual EUV Shipments","title_en":"Samsung, SK Secure Two-Thirds of ASML's Annual EUV Shipments","excerpt":"삼성·SK가 2025 ASML EUV 출하의 2/3 확보.","excerpt_en":"Samsung and SK secured two-thirds of ASML's 2025 EUV shipments."}]},{"direction":"revenue","counterparty":"Intel","counterparty_slug":"intel","confidence":"high","metric":null,"note":"High-NA EUV 업계 최초 도입 고객(18A·14A).","note_en":"First customer to adopt High-NA EUV (for 18A and 14A).","sources":[{"stance":"confirms","publisher":"전자신문","publisher_en":"ETNews","kind":"news","lang":"ko","published_at":"2024-10-16","url":"https://www.etnews.com/20241016000345","title":"ASML '초미세화 위한 하이퍼 NA EUV 개발'","title_en":"ASML develops High-NA EUV for finer scaling","excerpt":"Intel이 ASML High-NA EUV를 업계 최초 도입.","excerpt_en":"Intel was the first to adopt ASML's High-NA EUV."}]},{"direction":"cost","counterparty":"Carl Zeiss SMT","counterparty_slug":null,"confidence":"high","metric":{"type":"supply_status","basis":"EUV 광학계","basis_en":"EUV optics","qualifier":"sole_source"},"note":"EUV 노광장비용 광학계 독점 공급사(sole source).","note_en":"Sole-source supplier of the optics for EUV lithography systems.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-25","url":"https://www.sec.gov/Archives/edgar/data/937966/000162828026011378/asml-20251231.htm","title":"ASML Form 20-F (FY2025, 2025-12-31)","title_en":"ASML Form 20-F (FY2025, 2025-12-31)","excerpt":"ASML 20-F: Carl Zeiss SMT가 핵심 광학 공급사.","excerpt_en":"ASML 20-F: Carl Zeiss SMT is a key optics supplier."}]},{"direction":"revenue","counterparty":"Micron Technology","counterparty_slug":"micron","confidence":"mid","metric":null,"note":"EUV 고객(1γ DRAM부터 EUV 도입).","note_en":"EUV customer (adopted EUV from the 1-gamma DRAM node).","sources":[{"stance":"mentions","publisher":"Seoul Economic Daily","publisher_en":"Seoul Economic Daily","kind":"news","lang":"en","published_at":"2026-04-17","url":"https://en.sedaily.com/finance/2026/04/17/samsung-sk-secure-two-thirds-of-asmls-annual-euv-shipments","title":"Samsung, SK Secure Two-Thirds of ASML's Annual EUV Shipments","title_en":"Samsung, SK Secure Two-Thirds of ASML's Annual EUV Shipments","excerpt":"마이크론 등도 ASML EUV 고객.","excerpt_en":"Micron and others are also ASML EUV customers."}]},{"direction":"cost","counterparty":"Cymer","counterparty_slug":null,"confidence":"mid","metric":null,"note":"EUV 광원(레이저) 공급. ASML 자회사.","note_en":"EUV light source (laser) supplier; an ASML subsidiary.","sources":[{"stance":"mentions","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-25","url":"https://www.sec.gov/Archives/edgar/data/937966/000162828026011378/asml-20251231.htm","title":"ASML Form 20-F (FY2025, 2025-12-31)","title_en":"ASML Form 20-F (FY2025, 2025-12-31)","excerpt":"ASML 20-F: Cymer가 광원 기술 담당.","excerpt_en":"ASML 20-F: Cymer provides light-source technology."}]}]}