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part of the chip industry, Silicon Valley was a long way away. But ASML took a series of pretty wild technological bets on technologies most people thought would fail. And the best exampleof this is the current cutting edge of lithography called extreme ultraviolet lithography, the tools that cost $350 million a piece to produce, everyone else thought that was a technologythat would never work. It took three decades to commercialize, tens of billions of dollars of research and development money went into it, but ASML made that bet, and it was a bet
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