ASML, the world’s only maker of ‘extreme ultra-violet lithography machines’, the kit needed to make the most sophisticated chips, has retaken the crown as Europe’s most valuable publicly-listed company. It reports third quarter earnings on Wednesday. Bloomberg’s Tom Mackenzie previews the results.

WATCH: ASML reported €5.4 billion ($6.3 billion) in bookings for the third quarter, beating analyst expectations. Bloomberg Intelligence’s Masahiro Wakasugi breaks down the situation.