📊Executive Summary

ASML Holding N.V. and Taiwan Semiconductor Manufacturing Company are at the forefront of the AI chip supply chain, with Zeiss, a key supplier, asserting its capacity to meet the surging demand driven by AI. Zeiss's mirrors are critical for ASML's chipmaking machines, and the company is expanding its operations to keep pace with demand. ASML has raised its sales outlook for 2026, highlighting the importance of AI-driven orders. However, ASML's reliance on a limited number of suppliers poses risks, particularly in light of geopolitical tensions and potential export restrictions affecting its operations. Procurement teams should closely monitor these developments as they could impact lead times and availability....