Hi everybody. Tune in to this short version of the podcast, which we do every Friday for the long

version. Tune in on Wednesdays. Hi everyone. I'm Nicola Tangen, the CEO of the Norwegian

Soan Wealth Fund. And today we are honored to welcome Christoph Fouquet, the CEO of ASML. Now,

ASML, it's the most important company many of you have never heard about.

It produces the equipment that actually makes the computer chips. And it's basically the progress

here which drives and decides the speed of the progress in health, electrical vehicles,

communication, weapons, pretty much everything we do.

So I consider Christoph one of the most important people in the world just now.

Warm welcome.

Thank you very much, Nikola. It's a very great pleasure to be with you today. And I'm very much looking forward to a great discussion about this great industry.

And we are very proud shareholders as well. We own 2.6% of the company, equivalent to

$7 billion. So it's very important for us. What do you actually produce?

Well, what we produce in ISML are lithography system.

Lithography system basically is a very important system in the entire semiconductor process,

because this is a system that is going to print the image of the electronic circuit you want to get on a chip.

So if you want, printing whatever our customer

wants to realize. So this is what we have been doing for the last 40 years, pretty much.

Now, you are the only EUV lithography printer in the world. Now, in one minute, what is EUV? So EUV refers to the light, the type of

light we are using basically on those lithography machine. UV mean extra travel late. And this is a very,

very short wavelength. We're talking about 13.5 nanometer. So you look at the very, very small wavelengths.

And in lithography, the smaller the wavelengths, the smaller the feature you can print.

So EUV is the light. And the reason why a lot of people talk about EUV is because being able to

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