MOAT #2 - Technology
Sometimes what’s difficult to replicate becomes a business’s protection. A company may have:
- patents
- unique innovations
- massive R&D budgets
- years of accumulated experience.
Examples:
- ASML - the only company in the world that makes EUV lithography machines.
- NVIDIA - decades of GPU and software development.
- TSMC - technological leadership in chip manufacturing.
This moat works simply: competitors may want to replicate it - but they can’t.
Discussion on Telegram
No comments yet. Be the first!
Sign in with Telegram. Your comment will appear under the post in the channel.