ASML - Stock prices up 50x in past 20 years, 200x in 30 years

ASML - Stock prices up 50x in past 20 years, 200x in 30 years
Samsung Electronics is the largest company in Korea, and a few days ago, an article titled Lost Decade appeared in the newspaper. If you look at the annual sales graph of Samsung Electronics, there has been no trend growth over the past decade.

I'm thinking about it because someone asked me to write about Samsung Electronics' crisis, but it was essentially because of China. However, European companies, such as Philips and Japanese companies such as Sony and NEC Toshiba, all withdrew from Samsung Electronics' businesses. It has always been the case in history that existing companies are withdrawn by emerging companies coming from underdeveloped countries.  

However, there is a twist. ASML in the Netherlands, famous for its semiconductor equipment these days, was a company that Phillips spun off and invested in. For reference, ASML's extreme ultraviolet exposure equipment is essential for advanced semiconductor processes, and the United States is now putting pressure on the Netherlands to prevent it from being exported to China. Phillips (later NXP semiconductor injection), a large European electronics company, just spun off the company because its business was in a deficit. But how big has ASML been in the past 20 years or so? When I looked at the stock price, it roughly grew 50 times. In 2004, its stock price was under $20, now it is almost $1000. In 1994, it was less than $5. The current company's market capitalization is similar to that of Samsung Electronics. (For reference, Samsung Electronics is also a huge company. Over the past 30 years, Samsung Electronics' stock price has risen about 100 times. The problem is that Samsung Electronics is exposed to China and has few moats.).

The saying goes, "Even if the rich fail, they will go for three generations," and I disagree. The saying goes, "Even if the rich fail, a grandchild who strives will raise a family." Anyway, Samsung Electronics and many industries in Korea are now too mature in the product cycle to demonstrate technological edge, and China is fiercely following. How do you raise a smart grandson?