ASML Holding (ASML) does not have a monopoly in the semiconductor industry. While the company is a dominant player in the semiconductor industry, particularly in the field of photolithography and extreme ultraviolet (EUV) lithography, it operates in a competitive market with other significant players such as Applied Materials (AMAT), Lam Research (LRCX), and Texas Instruments (TXN), among others12.
The semiconductor industry is characterized by rapid technological advancements and high investment in research and development, which allows new companies to enter the market and compete with established players. ASML's monopoly in EUV lithography machines does not translate to a monopoly in the entire semiconductor industry, as there are other critical steps in the semiconductor manufacturing process that other companies can exploit.
Therefore, while ASML has a strong market position and technological edge, it is subject to competition and the potential for disruption by new technologies or market entrants.