ASML Sold Nothing in Europe This Past Quarter
ASML said Europe bought none of its chip tools as the company reported 0% regional sales and warned the bloc still lacks new fabs.
- On Wednesday, ASML executive Frank Heemskerk said the company is not selling a single chipmaking machine in Europe because no new chip factories are being built on the continent.
- The Chips Act, which set a goal of doubling the bloc's global chip production share to 20% by 2030, is 'very unlikely' to meet that target, The European Court concluded last year.
- Europe accounted for 0% of ASML's net system sales in the second quarter, while Intel postponed and later dropped planned fabrication plants in Magdeburg, Germany, and Wroclaw, Poland.
- Heemskerk said ASML faces aggressive courting from Asia and the U.S., warning that 'what is important for ASML is that Europe steps up to the plate' to compete for investment.
- To bolster the industry, The Commission proposed a Chips Act 2.0 on June 3, while advocates urge Europe to emulate Japan's state-backed funding model for building frontier fabs.
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29 Articles
ASML is one of the most important technology companies in Europe and controls an essential technology to produce the most sophisticated chips. Even so, the latest figures show a reality that is difficult to ignore: Europe remains virtually absent from large investments in semiconductor manufacturing. ASML: a European giant with few businesses in Europe [...]
ASML currently sells no chipmaking machines in Europe, executive says
ASML is currently not selling any of its chipmaking machines in Europe, according to Frank Heemskerk, the company’s executive responsible for global public affairs.Heemskerk warned that Europe risks falling behind as the United States, China and India invest heavily in developing their domestic semiconductor industries. “We are not selling anything in Europe at all. That is because Europe is not investing, and no chip factories are being built h…
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