ASML Holding N.V. (ASML) vs Mastercard Incorporated (MA)

ASML Holding NV is the global leader in semiconductor lithography systems, with an estimated 90% market share. Lithography is the process of using a light source to project circuit patterns from a photomask onto a semiconductor wafer. This technology enables chipmakers to pack more transistors into the same silicon area, and it has historically accounted for a significant share of the cost of producing leading-edge chips. ASML outsources the production of most components and primarily operates as an assembler. Its largest customers include TSMC, Samsung, Intel, SK Hynix, and Micron.

Mastercard Incorporated is the world’s second-largest payment processor, handling nearly $11 trillion in payment volume during 2025. The company operates in more than 200 countries and territories and processes transactions in over 150 currencies worldwide.