6920.T

Lasertec Corporation

research_scan theme='chips-compute'; value_chain_position='upstream-enabler'; Monopoly supplier of EUV-actinic mask-blank and patterned-mask inspection systems — the second-order monopoly inside the ASML stack. Every EUV layer at every leading-edge fab depends on Lasertec inspection. Tokyo-listed; small float; durably scarce. Verified via standard semicap literature; primary IR fetch not re-sourced this cycle.