You’re partly right, but I think you’re downplaying ASML’s achievements, especially when it comes to EUV. The ‘internationalization’ you mentioned was definitely one of the key reasons for their success. They were smart to position themselves as a global system integrator early on, stepping away from the vertical integration that their competitors mostly stuck with. (And let’s not forget, ASML was already a big player before EUV even became a thing.)

That said, this isn’t something unique to ASML. It’s just how global companies operate, especially in hardware. Take Tesla as an example—these companies are inherently multinational. They rely on acquired patents, parts and expertise from around the world, and hire international talent to stay competitive.

As someone else pointed out, it’s interesting how often this comes up in ASML discussions here, especially from American users. Maybe it’s because admitting reliance on another country—particularly those “arrogant Europeans” Americans often feel both superior and insecure about—kind of messes with the U.S. dominance narrative.