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TSMC, ASML Holding’s (ENXTAM:ASML) largest customer, has said it does not plan to use ASML’s High-NA EUV tools in production before 2029.
The chipmaker intends to rely on current generation EUV equipment for further efficiency and performance gains instead of shifting earlier to High-NA EUV.
This timing update affects the expected industry rollout of High-NA EUV and may influence ASML’s visibility on orders for its most advanced systems.
ASML Holding (ENXTAM:ASML) sits at the center of advanced chip manufacturing as the sole supplier of EUV lithography tools used by leading foundries such as TSMC. The decision by TSMC to push out production use of High-NA EUV to 2029 keeps the focus on extracting more value from existing EUV machines instead of accelerating a technology transition. For readers, this places additional attention on how ASML’s current EUV and deep ultraviolet product lines fit into chipmakers’ multi year capex plans.
TSMC’s stance could influence how other major chipmakers think about the timing of High-NA EUV adoption and the cadence of orders for ASML’s newest systems. For investors tracking ENXTAM:ASML, the key questions now concern the mix between mature and cutting edge tools in upcoming demand and how that mix shapes ASML’s product roadmap and customer discussions over the rest of the decade.
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ENXTAM:ASML Earnings & Revenue Growth as at Apr 2026
⚖️ Price vs Analyst Target: At €1,249.80 versus a consensus target of €1,463.42, ASML trades about 15% below analyst expectations.
❌ Simply Wall St Valuation: Simply Wall St estimates the shares trade about 71.7% above its fair value, flagging a rich valuation.
✅ Recent Momentum: The 30 day return of roughly 6.3% shows positive short term momentum despite the High NA delay headlines.
There is only one way to know the right time to buy, sell or hold ASML Holding. Head to Simply Wall St’s company report for the latest analysis of ASML Holding’s Fair Value.
📊 The delay in High NA adoption keeps attention on the durability of demand for ASML’s existing EUV and DUV tools at a P/E of about 48x.
📊 Watch order commentary from major customers, updates on High NA tool readiness, and any shifts in analyst targets around the €1,463 range.
⚠️ Simply Wall St flags one minor risk related to insider selling in recent months, which some investors may want to track alongside this news.
For the full picture including more risks and rewards, check out the complete ASML Holding analysis. Alternatively, you can visit the community page for ASML Holding to see how other investors believe this latest news will impact the company’s narrative.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include ASML.AS.
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