The semiconductor industry has observed shortages in recent times due to ramped-up demand from various industries like consumer electronics, cryptocurrency mining, and electric vehicles. However, during a recession, the demand for consumer electronics and automobiles' plummets significantly. This could dent the aggressive outlook of ASML Holding N.V. (NASDAQ:ASML). The production facilities of ASML Holding N.V. (NASDAQ:ASML) are spread across the Netherlands, and the company caters to European customers mainly. This makes the company highly exposed to any negative development related to Europe. Although ASML Holding N.V. (NASDAQ:ASML) is a market leader in deep ultraviolet (DUV) and extreme ultraviolet (EUV) systems, it faces numerous challenges related to raw materials and supply chain disruptions.