The fund believes that AI demand will increase the need for advanced DRAM and logic chips, thereby driving up chip complexity, wafer demand, and lithography intensity. ASML, a Dutch semiconductor equipment company specializing in lithography systems, sees its investment results primarily reflect long-term expected growth in memory system sales. Fund analysis indicates that Chinese and non-Chinese foundries may need to significantly increase lithography capacity to meet AI chip demand, which could create years of tight supply conditions for ASML. ASML's stock closed at $1,714.88 on September 4, with a cumulative gain of 115.37% over the past 52 weeks.