> It's useful to remember that ASML didn't outcompete rivals through brilliant innovation in a heated market race. Instead it won mostly by being the last one s

> It's useful to remember that ASML didn't outcompete rivals through brilliant innovation in a heated market race. Instead it won mostly by being the last one standing. They were the last one standing because of their brilliant innovation. It was order of magnitudes harder to get EUV from the lab to an actual working machine than anybody thought in the beginning. There is a reason others gave up.