Essay
Issue 002
Oct 29, 2026
Semiconductors
AI
The World's Most Expensive Bottleneck
ASML and the unease of having no substitute: EUV lithography, the AI supercycle and the economics of a single point of failure.
Read the essay →An independent inquiry into market structures, capital flows, and industrial strategy. I write to connect the dots between the people I meet, the ideas I encounter, and the structural questions that don't have simple answers.
ASML and the unease of having no substitute: EUV lithography, the AI supercycle and the economics of a single point of failure.
Read the essay →How private equity reconstitutes consumer brand equity. A Lund University study built on interviews across Nordic funds.
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