{"id":9741,"date":"2026-08-10T02:17:30","date_gmt":"2026-08-09T19:17:30","guid":{"rendered":"https:\/\/useful.vn\/?p=9741"},"modified":"2026-08-10T02:17:30","modified_gmt":"2026-08-09T19:17:30","slug":"asml-niem-hy-vong-cong-ty-nghin-ty-dau-tien-cua-chau-au","status":"publish","type":"post","link":"https:\/\/useful.vn\/?p=9741","title":{"rendered":"ASML – ni\u1ec1m hy v\u1ecdng c\u00f4ng ty ngh\u00ecn t\u1ef7 \u0111\u1ea7u ti\u00ean c\u1ee7a ch\u00e2u \u00c2u"},"content":{"rendered":"
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\nASML – ni\u1ec1m hy v\u1ecdng c\u00f4ng ty ngh\u00ecn t\u1ef7 \u0111\u1ea7u ti\u00ean c\u1ee7a ch\u00e2u \u00c2u <\/h1>\n

Nh\u1edd \u0111\u01a1n h\u00e0ng b\u00f9ng n\u1ed5 t\u1eeb l\u00e0n s\u00f3ng AI, ASML v\u1ed1n h\u00f3a g\u1ea7n 700 t\u1ef7 USD, \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng th\u00e0nh doanh nghi\u1ec7p ngh\u00ecn t\u1ef7 USD \u0111\u1ea7u ti\u00ean c\u1ee7a ch\u00e2u \u00c2u.<\/p>\n

ASML (H\u00e0 Lan) hi\u1ec7n l\u00e0 doanh nghi\u1ec7p duy nh\u1ea5t tr\u00ean th\u1ebf gi\u1edbi s\u1ea3n xu\u1ea5t m\u00e1y quang kh\u1eafc c\u1ef1c t\u00edm b\u01b0\u1edbc s\u00f3ng c\u1ef1c ng\u1eafn (EUV), thi\u1ebft b\u1ecb kh\u00f4ng th\u1ec3 thi\u1ebfu \u0111\u1ec3 s\u1ea3n xu\u1ea5t c\u00e1c d\u00f2ng chip b\u00e1n d\u1eabn ti\u00ean ti\u1ebfn nh\u1ea5t.<\/p>\n

Nh\u1edd l\u00e0n s\u00f3ng b\u00f9ng n\u1ed5 tr\u00ed tu\u1ec7 nh\u00e2n t\u1ea1o (AI), c\u1ed5 phi\u1ebfu ASML t\u0103ng 60% t\u1eeb \u0111\u1ea7u n\u0103m \u0111\u1ebfn nay, \u0111\u01b0a v\u1ed1n h\u00f3a ti\u1ebfn s\u00e1t m\u1ed1c 700 t\u1ef7 USD. Hi\u1ec7n \u0111\u00e2y l\u00e0 c\u00f4ng ty gi\u00e1 tr\u1ecb nh\u1ea5t tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n ch\u00e2u \u00c2u, ng\u00e0y c\u00e0ng b\u1ecf xa c\u00e1c \u00f4ng l\u1edbn k\u1ef3 c\u1ef1u nh\u01b0 Roche, LVMH, Novo Nordisk, AstraZeneca hay SAP.<\/p>\n

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C\u00e1c c\u00f4ng ty \u0111\u1ea1i ch\u00fang c\u00f3 v\u1ed1n h\u00f3a h\u00e0ng \u0111\u1ea7u ch\u00e2u \u00c2u (t\u1ef7 euro). \u0110\u1ed3 h\u1ecda: Reuters<\/em><\/p>\n<\/figcaption><\/figure>\n

V\u00e0o qu\u00fd II, ASML c\u00f4ng b\u1ed1 k\u1ebft qu\u1ea3 kinh doanh v\u01b0\u1ee3t d\u1ef1 b\u00e1o th\u1ecb tr\u01b0\u1eddng, v\u1edbi doanh thu thu\u1ea7n v\u00e0 l\u1ee3i nhu\u1eadn r\u00f2ng l\u1ea7n l\u01b0\u1ee3t \u0111\u1ea1t 9,3 t\u1ef7 euro v\u00e0 2,9 t\u1ef7 euro. T\u1ed5ng gi\u00e1m \u0111\u1ed1c Christophe Fouquet cho bi\u1ebft l\u01b0\u1ee3ng \u0111\u01a1n h\u00e0ng trong n\u1eeda \u0111\u1ea7u n\u0103m “c\u1ef1c k\u1ef3 m\u1ea1nh”.<\/p>\n

\u0110\u1ed9ng l\u1ef1c n\u00e0y gi\u00fap c\u00f4ng ty \u0111\u1eb7t m\u1ee5c ti\u00eau t\u0103ng th\u00eam 30% c\u00f4ng su\u1ea5t s\u1ea3n xu\u1ea5t m\u00e1y EUV c\u00f4ng ngh\u1ec7 NA th\u1ea5p v\u00e0 n\u00e2ng 30% c\u00f4ng su\u1ea5t s\u1ea3n xu\u1ea5t m\u00e1y quang kh\u1eafc DUV nh\u00fang. Tr\u01b0\u1edbc di\u1ec5n bi\u1ebfn n\u00e0y, gi\u1edbi \u0111\u1ea7u t\u01b0 v\u00e0 c\u00e1c nh\u00e0 ph\u00e2n t\u00edch \u0111\u1eb7t ra c\u00e2u h\u1ecfi t\u1eebng b\u1ecb xem l\u00e0 vi\u1ec3n v\u00f4ng, r\u1eb1ng li\u1ec7u ASML c\u00f3 th\u1ec3 tr\u1edf th\u00e0nh c\u00f4ng ty \u0111\u1ea7u ti\u00ean c\u1ee7a ch\u00e2u \u00c2u \u0111\u1ea1t gi\u00e1 tr\u1ecb v\u1ed1n h\u00f3a 1.000 t\u1ef7 USD?<\/p>\n

Chuy\u00ean gia Marc Hesselink c\u1ee7a ng\u00e2n h\u00e0ng ING (H\u00e0 Lan) tr\u1ea3 l\u1eddi r\u1eb1ng “ho\u00e0n to\u00e0n c\u00f3 th\u1ec3”. B\u00e0 Carolyn Bell, Gi\u00e1m \u0111\u1ed1c \u0111\u1ea7u t\u01b0 c\u1ee7a Stonehage Fleming Global Best Ideas \u0111\u1ed3ng quan \u0111i\u1ec3m, d\u00f9 kh\u00f4ng bi\u1ebft khi n\u00e0o. “T\u00f4i ngh\u0129 ASML c\u00f3 c\u01a1 h\u1ed9i r\u1ea5t l\u1edbn \u0111\u1ec3 tr\u1edf th\u00e0nh c\u00f4ng ty \u0111\u1ea7u ti\u00ean c\u1ee7a ch\u00e2u \u00c2u \u0111\u1ea1t v\u1ed1n h\u00f3a 1.000 t\u1ef7 USD”, b\u00e0 n\u00f3i. ASML chi\u1ebfm kho\u1ea3ng 8% danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u1ee7a qu\u1ef9 n\u00e0y.<\/p>\n

Nhi\u1ec1u t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh c\u0169ng n\u00e2ng khuy\u1ebfn ngh\u1ecb sau k\u1ebft qu\u1ea3 kinh doanh qu\u00fd II, cho th\u1ea5y d\u1ef1 b\u00e1o ngh\u00ecn t\u1ef7 USD kh\u00f4ng c\u00f2n vi\u1ec3n v\u00f4ng. Barclays, Susquehanna v\u00e0 Bernstein \u0111\u1ec1u \u0111\u1eb7t gi\u00e1 m\u1ee5c ti\u00eau 12 th\u00e1ng t\u1edbi tr\u00ean 2.600 USD m\u1ed7i c\u1ed5 phi\u1ebfu, cao h\u01a1n kho\u1ea3ng 49% so v\u1edbi hi\u1ec7n t\u1ea1i v\u00e0 t\u01b0\u01a1ng \u1ee9ng ng\u01b0\u1ee1ng v\u1ed1n h\u00f3a kho\u1ea3ng 1.000 t\u1ef7 USD.<\/p>\n

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Gi\u00e1 m\u1ee5c ti\u00eau m\u1ed7i c\u1ed5 phi\u1ebfu ASML (USD) c\u1ee7a c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh. \u0110\u1ed3 h\u1ecda: Reuters<\/em><\/p>\n<\/figcaption><\/figure>\n

John Lamb, chuy\u00ean gia c\u1ee7a Capital Group – qu\u1ef9 hi\u1ec7n n\u1eafm kho\u1ea3ng 5% c\u1ed5 ph\u1ea7n ASML, xem \u0111\u00e2y l\u00e0 kho\u1ea3n \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n nh\u1edd “nh\u1eefng t\u00e0i s\u1ea3n \u0111\u1ed9c nh\u1ea5t v\u00e0 l\u1ee3i th\u1ebf c\u1ea1nh tranh r\u1ea5t s\u00e2u r\u1ed9ng”. “N\u1ec1n t\u1ea3ng c\u1ee7a to\u00e0n ng\u00e0nh b\u00e1n d\u1eabn hi\u1ec7n m\u1ea1nh h\u01a1n bao gi\u1edd h\u1ebft v\u00e0 ASML \u0111ang n\u1eafm gi\u1eef v\u1ecb tr\u00ed mang t\u00ednh then ch\u1ed1t”, \u00f4ng n\u00f3i.<\/p>\n

Qu\u00fd tr\u01b0\u1edbc, ASML \u0111\u00e3 n\u00e2ng d\u1ef1 b\u00e1o kinh doanh nh\u1edd nhu c\u1ea7u ti\u1ebfp t\u1ee5c t\u0103ng \u0111\u1ed1i v\u1edbi c\u00e1c h\u1ec7 th\u1ed1ng EUV cao c\u1ea5p nh\u1ea5t. Xu h\u01b0\u1edbng n\u00e0y d\u1ef1 b\u00e1o v\u1eabn duy tr\u00ec nh\u1edd c\u00e1c h\u00e3ng s\u1ea3n xu\u1ea5t chip m\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t \u0111\u1ec3 \u0111\u00e1p \u1ee9ng l\u00e0n s\u00f3ng AI.<\/p>\n

“Kh\u00e1ch h\u00e0ng c\u1ee7a ch\u00fang t\u00f4i ti\u1ebfp t\u1ee5c \u0111\u1ea9y nhanh k\u1ebf ho\u1ea1ch m\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t”, T\u1ed5ng gi\u00e1m \u0111\u1ed1c Christophe Fouquet, cho bi\u1ebft.<\/p>\n

Nh\u1eadn \u0111\u1ecbnh v\u1edbi CNBC<\/em>, Javier Correonero, chuy\u00ean gia ph\u00e2n t\u00edch c\u1ed5 phi\u1ebfu c\u1ea5p cao c\u1ee7a Morningstar, n\u00f3i ASML \u0111ang l\u00e0m r\u1ea5t t\u1ed1t vi\u1ec7c m\u1edf r\u1ed9ng c\u00f4ng su\u1ea5t. Theo \u00f4ng, h\u00e3ng thi\u1ebft b\u1ecb chip n\u00e0y \u0111ang t\u0103ng s\u1ea3n l\u01b0\u1ee3ng b\u1eb1ng c\u00e1ch t\u1ed1i \u01b0u h\u00f3a kh\u00f4ng gian ph\u00f2ng s\u1ea1ch t\u1ea1i nh\u00e0 m\u00e1y \u1edf Veldhoven – n\u01a1i s\u1ea3n xu\u1ea5t c\u1ea3 m\u00e1y DUV v\u00e0 EUV.<\/p>\n

\u0110\u1ea7u tu\u1ea7n tr\u01b0\u1edbc, TSMC, m\u1ed9t trong nh\u1eefng kh\u00e1ch h\u00e0ng l\u1edbn nh\u1ea5t c\u1ee7a ASML, cho bi\u1ebft doanh thu th\u00e1ng 6 t\u0103ng 68% so v\u1edbi c\u00f9ng k\u1ef3 2025, nh\u1edd nhu c\u1ea7u m\u1ea1nh \u0111\u1ed1i v\u1edbi chip AI. TSMC \u0111ang l\u00ean k\u1ebf ho\u1ea1ch x\u00e2y d\u1ef1ng th\u00eam hai nh\u00e0 m\u00e1y \u0111\u00f3ng g\u00f3i chip ti\u00ean ti\u1ebfn t\u1ea1i Khu khoa h\u1ecdc Gia Ngh\u0129a \u1edf mi\u1ec1n nam \u0110\u00e0i Loan (Trung Qu\u1ed1c).<\/p>\n

C\u00e1c nh\u00e0 s\u1ea3n xu\u1ea5t chip nh\u1edb AI nh\u01b0 SK Hynix, Samsung v\u00e0 Micron c\u0169ng \u0111ang chuy\u1ec3n d\u1ea7n t\u1eeb c\u00e1c quy tr\u00ecnh s\u1ea3n xu\u1ea5t s\u1eed d\u1ee5ng thi\u1ebft b\u1ecb DUV th\u1ebf h\u1ec7 c\u0169 sang c\u00e1c h\u1ec7 th\u1ed1ng EUV m\u1edbi. \u0110\u00e2y l\u00e0 m\u1ed9t chu k\u1ef3 n\u00e2ng c\u1ea5p c\u00f3 bi\u00ean l\u1ee3i nhu\u1eadn h\u1ea5p d\u1eabn d\u00e0nh cho ASML, theo chuy\u00ean gia Kinngai Chan c\u1ee7a Summit Insights Group.<\/p>\n

Theo nh\u00f3m ph\u00e2n t\u00edch c\u1ee7a UBS, vi\u1ec7c m\u1edf r\u1ed9ng c\u00e1c nh\u00e0 m\u00e1y s\u1ea3n xu\u1ea5t b\u00e1n d\u1eabn c\u00f9ng nhu c\u1ea7u s\u1ea3n xu\u1ea5t chip ti\u00ean ti\u1ebfn s\u1ebd gi\u00fap ASML c\u00f3 n\u1eeda cu\u1ed1i n\u0103m kh\u1ea3 quan. V\u1ec1 d\u00e0i h\u1ea1n, nh\u00e0 m\u00e1y Terafab m\u00e0 Elon Musk d\u1ef1 ki\u1ebfn x\u00e2y d\u1ef1ng t\u1ea1i Texas \u0111\u1ec3 cung c\u1ea5p chip cho SpaceX v\u00e0 Tesla tri\u1ec3n v\u1ecdng m\u1edf ra ngu\u1ed3n thu m\u1edbi.<\/p>\n

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Trung t\u00e2m Tr\u1ea3i nghi\u1ec7m ASM, n\u01a1i tr\u01b0ng b\u00e0y c\u00e1c c\u00f4ng ngh\u1ec7 b\u00e1n d\u1eabn ti\u00ean ti\u1ebfn, t\u1ea1i Veldhoven, (H\u00e0 Lan) ng\u00e0y 11\/6. \u1ea2nh: Reuters<\/em><\/p>\n<\/figcaption><\/figure>\n

Nh\u01b0ng v\u1eabn c\u00f2n v\u00e0i r\u1ee7i ro nh\u1ea5t \u0111\u1ecbnh v\u1edbi t\u01b0\u01a1ng lai ASML.<\/strong><\/span> \u00d4ng Correonero t\u1ea1i Morningstar, cho r\u1eb1ng c\u1ed5 phi\u1ebfu c\u00f4ng ty \u0111ang \u0111\u01b0\u1ee3c “\u0111\u1ecbnh gi\u00e1 h\u01a1i cao”, v\u1edbi P\/E kho\u1ea3ng 50 l\u1ea7n . “Ch\u00fang t\u00f4i cho r\u1eb1ng P\/E h\u1ee3p l\u00fd l\u00e0 35-40 l\u1ea7n”, \u00f4ng n\u00f3i.<\/p>\n

\u00d4ng Trent Masters, chuy\u00ean gia c\u1ee7a Alphinity Investment Management, qu\u1ef9 ph\u00e2n b\u1ed5 kho\u1ea3ng 3% danh m\u1ee5c \u0111\u1ea7u t\u01b0 v\u00e0o ASML, c\u1ea3nh b\u00e1o r\u1eb1ng “b\u1ea5t k\u1ef3 s\u1ef1 h\u1ea1 nhi\u1ec7t n\u00e0o c\u1ee7a xu h\u01b0\u1edbng AI c\u0169ng s\u1ebd t\u00e1c \u0111\u1ed9ng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn l\u1ee3i nhu\u1eadn c\u1ee7a ASML”.<\/p>\n

V\u1ea5n \u0111\u1ec1 kh\u00e1c l\u00e0 kh\u1ea3 n\u0103ng qu\u1ea3n l\u00fd chu\u1ed7i cung \u1ee9ng v\u00e0 c\u00e1c y\u1ebfu t\u1ed1 \u0111\u1ecba ch\u00ednh tr\u1ecb. T\u1ea1i M\u1ef9, c\u00e1c ngh\u1ecb s\u0129 \u0111\u00e3 \u0111\u1ec1 xu\u1ea5t \u0110\u1ea1o lu\u1eadt MATCH, c\u00f3 th\u1ec3 h\u1ea1n ch\u1ebf ho\u1ea1t \u0111\u1ed9ng b\u00e1n v\u00e0 b\u1ea3o tr\u00ec thi\u1ebft b\u1ecb c\u1ee7a ASML t\u1ea1i Trung Qu\u1ed1c.<\/p>\n

ASML cho bi\u1ebft v\u1eabn k\u1ef3 v\u1ecdng th\u1ecb tr\u01b0\u1eddng n\u00e0y \u0111\u00f3ng g\u00f3p kho\u1ea3ng 20% doanh thu thu\u1ea7n c\u1ea3 n\u0103m. Tuy nhi\u00ean, t\u1ef7 tr\u1ecdng doanh thu t\u1eeb \u0111\u00e2y \u0111\u00e3 gi\u1ea3m t\u1eeb 19% trong qu\u00fd I xu\u1ed1ng c\u00f2n 14% trong qu\u00fd II.<\/p>\n

Trong khi, H\u00e0n Qu\u1ed1c ti\u1ebfp t\u1ee5c l\u00e0 th\u1ecb tr\u01b0\u1eddng l\u1edbn nh\u1ea5t c\u1ee7a c\u00f4ng ty, chi\u1ebfm 43% doanh thu. “Th\u1ecb tr\u01b0\u1eddng Trung Qu\u1ed1c \u0111ang c\u00f9ng nh\u1ecbp v\u1edbi xu h\u01b0\u1edbng chung m\u00e0 ch\u00fang t\u00f4i quan s\u00e1t tr\u00ean to\u00e0n c\u1ea7u”, Gi\u00e1m \u0111\u1ed1c t\u00e0i ch\u00ednh ASML Roger Dassen, nh\u1eadn \u0111\u1ecbnh.<\/p>\n

\u00d4ng Antoine Hucher, chuy\u00ean gia c\u1ee7a Aviva Investors, cho r\u1eb1ng n\u1ebfu c\u00f4ng ty H\u00e0 Lan c\u00f3 chi\u1ebfn l\u01b0\u1ee3c t\u1ed1t v\u00e0 nhu c\u1ea7u AI duy tr\u00ec, h\u1ecd s\u1ebd c\u00f2n t\u0103ng tr\u01b0\u1edfng, d\u00f9 kh\u00f4ng ch\u1eafc ch\u1eafn. “ASML ho\u00e0n to\u00e0n c\u00f3 th\u1ec3 tr\u1edf th\u00e0nh c\u00f4ng ty \u0111\u1ea7u ti\u00ean c\u1ee7a ch\u00e2u \u00c2u \u0111\u1ea1t v\u1ed1n h\u00f3a 1.000 t\u1ef7 USD. Tuy nhi\u00ean, bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh c\u1ee7a nh\u00f3m c\u1ed5 phi\u1ebfu AI trong v\u00e0i tu\u1ea7n g\u1ea7n \u0111\u00e2y cho th\u1ea5y h\u00e0nh tr\u00ecnh \u0111\u1ea1t \u0111\u01b0\u1ee3c c\u1ed9t m\u1ed1c n\u00e0y s\u1ebd kh\u00f4ng di\u1ec5n ra theo \u0111\u01b0\u1eddng th\u1eb3ng”, \u00f4ng nh\u1eadn \u0111\u1ecbnh.<\/p>\n

Phi\u00ean An<\/strong> (theo Reuters, CNBC<\/em>)<\/p>\n<\/article>\n

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https:\/\/vnexpress.net\/asml-niem-hy-vong-cong-ty-nghin-ty-dau-tien-cua-chau-au-5099491.html<\/p>\n","protected":false},"excerpt":{"rendered":"

ASML – ni\u1ec1m hy v\u1ecdng c\u00f4ng ty ngh\u00ecn t\u1ef7 \u0111\u1ea7u ti\u00ean c\u1ee7a ch\u00e2u \u00c2u Nh\u1edd \u0111\u01a1n h\u00e0ng b\u00f9ng n\u1ed5 t\u1eeb l\u00e0n s\u00f3ng AI, ASML v\u1ed1n h\u00f3a g\u1ea7n 700 t\u1ef7 USD, \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng th\u00e0nh doanh nghi\u1ec7p ngh\u00ecn t\u1ef7 USD \u0111\u1ea7u ti\u00ean c\u1ee7a ch\u00e2u \u00c2u. ASML (H\u00e0 Lan) hi\u1ec7n l\u00e0 doanh nghi\u1ec7p duy nh\u1ea5t tr\u00ean th\u1ebf<\/p>\n","protected":false},"author":1,"featured_media":9742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-9741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-thi-truong"],"_links":{"self":[{"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts\/9741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9741"}],"version-history":[{"count":0,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/posts\/9741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=\/wp\/v2\/media\/9742"}],"wp:attachment":[{"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/useful.vn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}