20 May 2022
Computer chip giant ASML places big bets on a tiny future
The Index Today
ASML, a semiconductor industry and stock market giant, might have to think smaller. Or maybe bigger. Currently, it is building machines the size of double-decker buses, weighing over 200 tons, in the quest of the company to produce beams of focused light that create the microscopic circuitry on computer chips used in everything from phones and laptops to cars and AI.
The company has enjoyed a rosy decade, its shares leaping 1,000% to take its value past 200 billion euros as it swept up most of the world's business for these lithography systems.
It's now preparing to roll out a new $400 million machine for next-generation chips which it hopes will be its flagship by the late 2020s but for now remains an engineering challenge.
"Every check is green right now," said Christophe Fouquet, head of EUV programs at ASML. "But, you know, we still have to see it all (assembled) together."
©Photo: Financial Times