And ASML will remain in the shadows

So will Zeiss

ASML has a market cap of $227B, and is 37th in rankings of market cap worldwide. Hardly in the shadows.

TSMC is in 12th at $395B.

For curiosity’s sake, Zeiss is #1,327 at $11B. Not bad though, P/E of 41, so market thinks it has quite a future.

https://companiesmarketcap.com/carl-zeiss-meditec/earnings/

To be fair Intel and Samsung are also ASML EUV customers.

You do realize that TSMC is heavily bankrolled by Apple right?

Who has the details of this strategic relationship?

Remember Apple's infamous $200 billion cash-pile during the peak iPhone era of 2010-2016? How much of it went to TSMC?

They are currently just under $50 billion and have bought back $130 billion+ in shares since 2018 I would most if not all of their reserves went into buybacks.

Apple is one of TSMC's largest customers. Their presence in the market alone shifts how TSMC designs its processes and does business in general.

I don't think TSMC gives a hoot about "who takes credit" considering how much $ they're getting out of this arrangement.

Apple chose to use N3, AMD chose to use N4, and Intel chose to use 7. I think it's fair to give Apple credit for making a tradeoff that leads to a better product.