ASML's Q3 2026 results demonstrate that the semiconductor industry is entering a new phase. The company achieved record-breaking results with revenue of 11.662 billion euros and net profit of 4.96 billion euros, but what captured market attention was the warning that "it will be difficult to meet customer demand even with production capacity planned for 2027-2028." As AI proliferation has caused advanced semiconductor demand to surge, the industry's bottleneck is shifting from insufficient demand to inadequate EUV equipment supply. With expanded memory investment and accelerated High-NA EUV adoption underway, future semiconductor market competitiveness is expected to be determined by securing production capacity rather than price.