ASML is behind what’s arguably the most important technology in the world right now: extreme ultraviolet lithography machines. Without these $200 million EUV machines and the semiconductors they make, there’d be no artificial intelligence revolution and the global economy would begin to slow. While the machines made in the Netherlands are sold mostly to companies in Taiwan and South Korea – TSMC and Samsung – Intel was very late to the game. The US government meanwhile under both Donald Trump and Joe Biden has been scrambling to ensure none of the machines are sold to China. Read more on Bloomberg: https://www.bloomberg.com/news/articles/2024-04-11/euv-chipmaking-how-us-lost-control-of-cutting-edge-semiconductor-tech Chapters: 00:00 Introduction 00:50 What is extreme ultraviolet lithography? 03:02 Early research in the United States 04:44 Intel’s strategic mistake 05:36 Huawei sparks China worries 07:00 The CHIPS Act and US recovery -------- Like this video? Subscribe: null Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.