LOL, I recommend highly to everyone who thinks a startup can challenge ASML this 1.38min video:

https://www.youtube.com/watch?v=h_zgURwr6nA

Its an industrial flight video through a ASML TWIN Exe HighNAV.

Here is also a presentation of ~45min at CCC / Germany (in English language) which I highly recommend to watch:

https://www.youtube.com/watch?v=NdppYYfQJgg

Especially the explanation how they use two milisecond laser shots to first molt the tin and then distribute it symetrically(!!!) with a second shot across the surface.

There IS NO chance that this startup will be able to somehow compete, if even Chinese state actors cant do it (yet).

This and other comments along with lack of work hours are the main social reasons why the EU has fallen so far behind. I fear if this isn't corrected soon the EU will become completely irrelevant in the not to distant future. What were mountains in the 50s-90s are molehills today

In any case they aren't competing on EUV but on packaging and xray(which probably won't work without new science as it's been done to death) so your comment is moot.