factual
ASML never raises price above capability gains
ASML is unusually generous: despite a monopoly on EUV with no competitor close, it has never raised tool prices more than it has increased capability (throughput, overlay accuracy)—tools went from ~$150M to ~$400M while capabilities more than doubled—always delivering net benefit to customers, unlike Nvidia or memory vendors who take the available margin.
factualpending
Speaker
Dylan PatelEvidence Quote
“In a sense, they’ve always provided net benefit to their customers.”
Source
Dwarkesh Patel Podcast - Dylan Patel — Deep dive on the 3 big bottlenecks to scaling AI compute— Dwarkesh Patel PodcastCreated: 6/13/2026, 3:34:26 AM
My Notes
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