ASML's success is partly (gross simplification) because it was the biggest local tech company (Philips) realising that they're too big to be effective, so they

ASML's success is partly (gross simplification) because it was the biggest local tech company (Philips) realising that they're too big to be effective, so they made a startup-esque new company which allowed them to be lean and engineering-focused. It's a good story of proper accounting allowing good company structures to persist inside of a bloated company. Van den Brink gave a great interview some time ago, I'll see if I can translate it and post it here.