ASML currently sells no chipmaking machines in Europe, executive says
3 hours ago
- ASML is not selling any chipmaking machines in Europe due to a lack of investment and chip factory construction in the region.
- The United States, China, and India are heavily investing in domestic semiconductor industries and courting ASML to expand operations there.
- ASML is the sole manufacturer of advanced lithography machines essential for producing the latest generation of chips, used by TSMC and Samsung.
- The European Union's Chips Act, enacted in 2023, has failed to significantly boost semiconductor factory construction in Europe.
- ASML and the EU are seeking ways to strengthen Europe's position in global tech and make supply chains more resilient.