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In 2022, the technology sector has experienced one of the worst years in post-war history. And it applies to Asian, American, and European companies. In the BCM TOP 10 Technology Chart, January 2023 Update, there is only one significant change.
The originally Czech antivirus developer Avast has left the chart as the company merged with the US NortonLifeLock. The newcomer is the Dutch semiconductor manufacturer ASML Holding.
The technology sector is going through one of the worst first halves in post-war history on the stock market, also Europe endures a major impact by the war in Ukraine.
The BCM ranking of the top ten technology players in Europe is based on market capitalization but there are other factors to be listed on the chart like company's position in its market segment and the development of quarterly financials.
When analysing technology companies, among which US-based companies are notoriously leading, we have asked ourselves whether Europe is really lagging so far behind in technology. This gave rise to the idea of creating a list of top European companies that match their US and Asian competitors both in the strength of the technologies they provide, and the momentum they get in their market segment.
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