ASML says it sold 'absolutely nothing' in Europe in 2026
3 hours ago
- ASML reported zero revenue from Europe in 2026, down from 1% in 2025 and 5% in 2024.
- ASML executives say no chip factories are being built in Europe, so there is no demand for lithography equipment.
- ASML urges EU authorities to create and aggregate demand for European-made chips rather than just subsidizing fab construction.
- European chipmakers bought no lithography systems from ASML in 2026, marking a steep decline in regional sales.
- Despite these claims, several new fabs are under construction or expanding in Europe, including Intel's Ireland site, ESMC in Dresden, Infineon, and GlobalFoundries.
- None of the new European fabs are leading-edge or use EUV lithography, so they generate less revenue for ASML than advanced fabs elsewhere.
- Chips made in Europe are often shipped abroad for packaging, weakening the strategic case for 'Made in Europe' chips.
- ASML believes Europe still has opportunities in industrial AI and other areas, but collective action is needed.