Company type | Public |
---|---|
| |
Industry | Semiconductor industry |
Founded | 1984 (joint venture) 1988 (independent company) |
Headquarters | Veldhoven, Netherlands |
Key people |
|
Products | Photolithography systems for the semiconductor industry |
Revenue | €27.56 billion (2023) [1] |
€9.042 billion (2023) [1] | |
€7.839 billion (2023) [1] | |
Total assets | €39.96 billion (2023) [1] |
Total equity | €13.45 billion (2023) [1] |
Number of employees | 42,416 (2023) [1] |
Website | asml.com |
ASML Holding N.V. (commonly shortened to ASML, originally standing for Advanced Semiconductor Materials Lithography) is a Dutch multinational corporation founded in 1984. ASML specializes in the development and manufacturing of photolithography machines which are used to produce computer chips.
As of 2023 [update] it is the largest supplier for the semiconductor industry and the sole supplier in the world of extreme ultraviolet lithography (EUVL) photolithography machines that are required to manufacture the most advanced chips. [2] As of November 2024 [update] , ASML was the fourth most valuable company in Europe, and the second most valued European tech company, with a market capitalization of about US$264 billion. [3] [4]
ASML's corporate headquarters is in Veldhoven, Netherlands and the location for research, development, manufacturing and assembly. ASML employs more than 42,000 people [1] from 143 nationalities and relies on a network of nearly 5,000 tier 1 suppliers. [5] ASML has a worldwide customer base and over sixty service points in sixteen countries. [5] It has offices in the Netherlands, the United States, Belgium, France, Germany, Ireland, Israel, Italy, the United Kingdom, China, Hong Kong, Japan, South Korea, Malaysia, Singapore, and Taiwan. [5]
The company is listed on both the AEX and Nasdaq stock exchanges, as ASML. It is also a component of the Euro Stoxx 50 [6] and Nasdaq-100. [7]
ASML produces the photolithography machines used in the production of computer chips. In these machines, patterns are optically imaged onto a silicon wafer that is covered with a film of light-sensitive material (photoresist). This procedure is repeated dozens of times on a single wafer. The photoresist is then further processed to create the actual electronic circuits on the silicon. The optical imaging that ASML's machines deal with is used in the fabrication of nearly all integrated circuits and, as of 2011, ASML had 67 percent of the worldwide sales of lithography machines. [8]
ASML's earlier competition consisted of Ultratech, Canon and Nikon, MKS Instruments, Lam Research and Cadence Design Systems.[ citation needed ]
Since immersion lithography was first proposed by Burn-Jeng Lin in the 1970s, [9] ASML cooperated with Taiwan Semiconductor Manufacturing (TSMC). In 2004, TSMC began commercial production of 90 nanometer semiconductor nodes using ASML immersion lithography. [10] As of 2011, their high-end TWINSCAN NXT:1950i system was used for producing features down to 32 nanometres at up to 200 wafers per hour, [11] using a water immersion lens and an argon fluoride laser that produces light at a wavelength of 193 nm. As of 2011 [update] , an average lithography machine cost €27 million. [12]
Deep ultraviolet (DUV) lithography devices from ASML use light that penetrates the UV spectrum to print the tiny features that form the microchip's structure. [13]
EUV lithography is a critical technology used to create the smallest and most complex chip designs. ASML holds a near-monopoly in the EUV market, with no significant direct competitors. The company's machines are capable of etching patterns as small as 8 nanometers, a remarkable achievement given that human hair is approximately 80,000 nanometers thick. [14]
Extreme ultraviolet lithography (EUV) machines produce light in the 13.5 nm wavelength range when a high-energy laser is focused on microscopic droplets of molten tin to produce a plasma, which then emits EUV light. The light is bounced off Zeiss mirrors onto the surface of a silicon wafer to deliver the designs for the chip. [15]
In 2009, the IMEC research center in Belgium produced the world's first functional 22 nm CMOS Static random-access memory memory cells with a prototype EUV lithography machine. [16] After decades of development, ASML shipped the first production extreme ultraviolet lithography machine in either 2011 [12] or 2013. [17]
As of 2022 [update] , ASML has shipped around 140 EUV systems, and it is the only company to manufacture them. [2] ASML's best-selling EUV product has been the TWINSCAN NXE:3600D, which costs up to $200 million. [2] Shipping the machine the size of a truck requires moving 180 tons with three Boeing 747s. [18]
ASML is working on the next generation of EUV systems, with the first shipments for R&D purposes shipped to Intel in December 2023, and TSMC in late 2024. [19] [20] The platform is designated High-NA as it increases the numerical aperture (NA) from 0.33 to 0.55, [17] and each system costs approximately $370 million. [2] [20]
ASML's EUV machines have experienced a significant surge in demand in recent years, driven by modern electronics' increasing complexity and performance requirements. This surge in demand has translated into steady revenue growth for the company, reaching $30 billion in 2023, up from $13 billion five years earlier. [14]
ASM Lithography was founded in 1984 as a joint venture between the Dutch companies ASM and Philips. The company became an independent publicly-traded entity in 1988 and was renamed to ASML [21] , which is its official name and not an abbreviation. [22]
In 1991, ASML released the lithography system PAS 5500, which became an extremely successful platform for the company. [23] The PAS 5500 was first utilized by Micron Technology, which was one of the world's largest producers of computer memory and storage, and ASML's largest customer at that time. [24] The success of the PAS 5500 line propelled ASML into strong competition with Canon and Nikon, who were the leaders in that era of the lithography market. [23]
In 1997, ASML began studying a shift to using extreme ultraviolet and in 1999 joined a consortium, including Intel and two other U.S. chipmakers, in order to exploit fundamental research conducted by the US Department of Energy. Because the CRADA it operates under is funded by the US taxpayer, licensing must be approved by Congress. It collaborated with the Belgian IMEC and Sematech and turned to Carl Zeiss in Germany for its need of mirrors. [25]
In 2000, ASML acquired the Silicon Valley Group (SVG), a US lithography equipment manufacturer also licensed for EUV research results, in a bid to supply 193 nm scanners to Intel Corp. [26] [27]
In 2002, it became the largest supplier of photolithography systems. [28]
At the end of 2008, ASML experienced a large drop in sales, which led management to cut the workforce by about 1000 worldwide, mostly contract workers [29] and to apply for support from the Dutch national unemployment fund to prevent even larger layoffs. [30] Two and a half years later, ASML expected a record-high revenue. [31]
In July 2012, Intel announced a deal to invest $4.1 billion into ASML in exchange for 15% ownership, in order to speed up the transition from 300 mm to 450 mm wafers and further development of EUV lithography. [32] [33] This deal was without exclusive rights to future ASML products and, as of July 2012, ASML was offering another 10% of the shares to other companies. [34] As part of their EUV strategy, ASML announced the acquisition of DUV and EUV sources manufacturer Cymer in October 2012. [35]
In November 2013, ASML paused development of 450 mm lithography equipment, citing uncertain timing of chipmaker demand. [36]
In 2015, ASML suffered intellectual property theft. A number of employees had been found stealing confidential data from its Silicon Valley software subsidiary that develops software for machine optimization. [37]
In June 2016, ASML announced their plans to acquire Taiwan-based Hermes Microvision Inc. for about $3.1 billion to add technology for creating smaller and more advanced semiconductors. [38]
In 2018, the Trump administration tried to block the sale of ASML technology to China, [39] but as of 2021, the ongoing global chip shortage as well as the "technological cold war" between the US and China had been a business opportunity for ASML. [18]
In November 2020, ASML revealed that it had acquired the German optical glassmaking firm Berliner Glas Group in order to meet increasing need for components for its EUV systems. [40]
In July 2021, European Commissioner Thierry Breton, visited ASML and announced a goal of at least 20% of world production of semiconductors in Europe by 2030, and support via a European Alliance on semiconductors. [41] After reporting earnings in July 2021, the company said they had a near monopoly for machines used by TSMC and Samsung Electronics to make the advanced chips. [42]
In February 2023, ASML claimed that a former worker in China "allegedly" stole information about the company's technology. This was not the first time that ASML was allegedly linked with an intellectual property breach connected to China. In its 2021 annual report, ASML mentioned that Dongfang Jingyuan Electron Limited "was actively marketing products in China that could potentially infringe on ASML's IP rights." [43] At the time, the United States Department of Commerce expressed concern about economic espionage against ASML. [44] In October 2023, Dutch newspaper NRC Handelsblad reported that the former employee who "allegedly" stole data about ASML's technology subsequently went to work for Huawei. [45]
In March 2023, the Dutch government placed restrictions on chip equipment exports in order to protect national security. This measure affected ASML as one of the most important companies in the global microchip supply chain. [46] Export license requirements came into effect in September 2023. [47]
In June 2023, the Netherlands' Institute for Human Rights ruled that despite the country's constitution prohibiting discrimination based on nationality, ASML was allowed to reject job applications from residents of countries subject to sanctions under the U.S. Export Administration Regulations (such as China, Cuba, Iran, North Korea, and Syria) in order to remain compliant with U.S. law. [48] [49] [50]
In January 2024, the Dutch government placed further restrictions on the shipment of some advanced chip-making equipment to China. [51] On 6 September 2024, the Dutch government tightened export controls on certain ASML chipmaking equipment, aligning its policy with U.S. restrictions to limit China's access to advanced technology amid safety and geopolitical concerns. [52] [53] These restrictions were expanded for tighter export controls in January 2025, with ASML required to apply for export licenses with the Dutch government instead of the U.S. [54]
Year | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 5,245 | 5,856 | 6,287 | 6,795 | 9,053 | 10,944 | 11,820 | 13,979 | 18,611 | 21,173 | 27,559 |
Net Income | 1,016 | 1,197 | 1,387 | 1,472 | 2,119 | 2,592 | 2,592 | 3,554 | 5,883 | 5,624 | 7,839 |
Assets | 11,514 | 12,204 | 13,295 | 17,206 | 18,196 | 20,137 | 22,630 | 27,267 | 30,231 | 36,300 | 39,958 |
Employees | 10,360 | 11,318 | 12,168 | 13,991 | 16,219 | 20,044 | 23,219 | 26,614 | 29,861 | 36,112 | 42,416 |
Holder | Shares | Date reported | % out | Value |
---|---|---|---|---|
Price (T. Rowe) Associates Inc | 10,991,878 | 29 June 2022 | 2.70% | 5,152,552,838 |
Capital World Investors | 6,492,254 | 29 June 2022 | 1.60% | 3,043,309,048 |
Fisher Asset Management, LLC | 4,595,741 | 29 June 2022 | 1.13% | 2,154,299,596 |
Capital International Investors | 3,919,239 | 29 June 2022 | 0.96% | 1,837,182,511 |
Morgan Stanley | 3,156,574 | 29 June 2022 | 0.78% | 1,479,675,659 |
WCM Investment Management, LLC | 3,089,503 | 29 Sep. 2022 | 0.76% | 1,448,235,456 |
Edgewood Management Company | 2,919,498 | 29 June 2022 | 0.72% | 1,368,543,910 |
State Farm Mutual Automobile Insurance Co | 2,834,225 | 29 June 2022 | 0.70% | 1,328,571,338 |
FMR, LLC | 2,763,695 | 29 June 2022 | 0.68% | 1,295,509,695 |
Sands Capital Management, LLC | 1,942,740 | 29 June 2022 | 0.48% | 910,678,821 |
Holder | Shares | Date reported | % out | Value |
---|---|---|---|---|
American Balanced Fund | 2,523,702 | 29 September 2022 | 0.62% | 1,183,010,574 |
Growth Fund Of America Inc | 2,407,395 | 29 September 2022 | 0.59% | 1,128,490,503 |
iShares Core MSCI EAFE ETF | 2,138,919 | 29 September 2022 | 0.53% | 1,002,639,691 |
Washington Mutual Investors Fund | 2,138,040 | 29 September 2022 | 0.53% | 1,002,227,651 |
Advisors Inner Circle Fund-Edgewood Growth Fd | 1,623,694 | 29 June 2022 | 0.40% | 761,122,815 |
Price (T.Rowe) Growth Stock Fund Inc. | 1,627,216 | 29 June 2022 | 0.40% | 762,773,788 |
iShares MSCI Eafe ETF | 1,319,874 | 29 September 2022 | 0.32% | 618,704,149 |
Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF | 1,264,161 | 29 September 2022 | 0.31% | 592,588,122 |
New Perspective Fund Inc | 1,217,878 | 29 September 2022 | 0.30% | 570,892,503 |
Investment Managers Ser Tr-WCM Focused International Growth Fd | 1,197,952 | 30 July 2022 | 0.29% | 561,551,991 |
ASML became a sponsor of the PSV soccer club in 2019 together with Philips. VDL Groep, Royal Swinkels Family Brewers and Jumbo Supermarkets from the Brainport region. [57] [58] Together they run various initiatives like soccer training camps for school children, the development of interactive programs for teaching, assisting community members in need or who are new to the region, as well as supporting a vitality program that is online. [59] [60]
Photolithography is a process used in the manufacturing of integrated circuits. It involves using light to transfer a pattern onto a substrate, typically a silicon wafer.
Semiconductor device fabrication is the process used to manufacture semiconductor devices, typically integrated circuits (ICs) such as microprocessors, microcontrollers, and memories. It is a multiple-step photolithographic and physico-chemical process during which electronic circuits are gradually created on a wafer, typically made of pure single-crystal semiconducting material. Silicon is almost always used, but various compound semiconductors are used for specialized applications.
Taiwan Semiconductor Manufacturing Company Limited is a Taiwanese multinational semiconductor contract manufacturing and design company. It is the world's most valuable semiconductor company, the world's largest dedicated independent ("pure-play") semiconductor foundry, and Taiwan's largest company, with headquarters and main operations located in the Hsinchu Science Park in Hsinchu, Taiwan. Although the central government of Taiwan is the largest individual shareholder, the majority of TSMC is owned by foreign investors. In 2023, the company was ranked 44th in the Forbes Global 2000. Taiwan's exports of integrated circuits amounted to $184 billion in 2022, accounted for nearly 25 percent of Taiwan's GDP. TSMC constitutes about 30 percent of the Taiwan Stock Exchange's main index.
A photomask is an opaque plate with transparent areas that allow light to shine through in a defined pattern. Photomasks are commonly used in photolithography for the production of integrated circuits to produce a pattern on a thin wafer of material. In semiconductor manufacturing, a mask is sometimes called a reticle.
The 90 nm process refers to the technology used in semiconductor manufacturing to create integrated circuits with a minimum feature size of 90 nanometers. It was an advancement over the previous 130 nm process. Eventually, it was succeeded by smaller process nodes, such as the 65 nm, 45 nm, and 32 nm processes.
Semiconductor Manufacturing International Corporation (SMIC) is a partially state-owned publicly listed Chinese pure-play semiconductor foundry company. It is the largest contract chip maker in mainland China.
Extreme ultraviolet lithography is a technology used in the semiconductor industry for manufacturing integrated circuits (ICs). It is a type of photolithography that uses 13.5 nm extreme ultraviolet (EUV) light from a laser-pulsed tin (Sn) plasma to create intricate patterns on semiconductor substrates.
The "32 nm" node is the step following the "45 nm" process in CMOS (MOSFET) semiconductor device fabrication. "32-nanometre" refers to the average half-pitch of a memory cell at this technology level.
The "14 nanometer process" refers to a marketing term for the MOSFET technology node that is the successor to the "22 nm" node. The "14 nm" was so named by the International Technology Roadmap for Semiconductors (ITRS). Until about 2011, the node following "22 nm" was expected to be "16 nm". All "14 nm" nodes use FinFET technology, a type of multi-gate MOSFET technology that is a non-planar evolution of planar silicon CMOS technology.
In semiconductor fabrication, the International Technology Roadmap for Semiconductors (ITRS) defines the "10 nanometer process" as the MOSFET technology node following the "14 nm" node.
In semiconductor manufacturing, the International Roadmap for Devices and Systems defines the "5 nm" process as the MOSFET technology node following the "7 nm" node. In 2020, Samsung and TSMC entered volume production of "5 nm" chips, manufactured for companies including Apple, Huawei, Mediatek, Qualcomm and Marvell.
In semiconductor manufacturing, the "7 nm" process is a term for the MOSFET technology node following the "10 nm" node, defined by the International Roadmap for Devices and Systems (IRDS), which was preceded by the International Technology Roadmap for Semiconductors (ITRS). It is based on FinFET technology, a type of multi-gate MOSFET technology.
In semiconductor manufacturing, the 3nm process is the next die shrink after the 5 nm MOSFET technology node. South Korean chipmaker Samsung started shipping its 3 nm gate all around (GAA) process, named 3GAA, in mid-2022. On 29 December 2022, Taiwanese chip manufacturer TSMC announced that volume production using its 3 nm semiconductor node (N3) was underway with good yields. An enhanced 3 nm chip process called "N3E" may have started production in 2023. American manufacturer Intel planned to start 3 nm production in 2023.
In semiconductor manufacturing, the 2 nm process is the next MOSFET die shrink after the 3 nm process node.
Between 2020 and 2023, there was a worldwide chip shortage affecting more than 169 industries, which led to major price increases, long queues, and reselling among consumers and manufacturers for automobiles, graphics cards, video game consoles, computers, household appliances, and other consumer electronics that require integrated circuits.
The Artificial Intelligence Cold War (AI Cold War) is a narrative in which geopolitical tensions between the United States of America (USA) and the People's Republic of China (PRC) lead to a Second Cold War waged in the area of artificial intelligence technology rather than in the areas of nuclear capabilities or ideology. The context of the AI Cold War narrative is the AI arms race, which involves a build-up of military capabilities using AI technology by the US and China and the usage of increasingly advanced semiconductors which power those capabilities.
The Chinese semiconductor industry, including integrated circuit design and manufacturing, forms a major part of mainland China's information technology industry.
The CHIPS and Science Act is a U.S. federal statute enacted by the 117th United States Congress and signed into law by President Joe Biden on August 9, 2022. The act authorizes roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States, for which it appropriates $52.7 billion. The act includes $39 billion in subsidies for chip manufacturing on U.S. soil along with 25% investment tax credits for costs of manufacturing equipment, and $13 billion for semiconductor research and workforce training, with the dual aim of strengthening American supply chain resilience and countering China. It also invests $174 billion in the overall ecosystem of public sector research in science and technology, advancing human spaceflight, quantum computing, materials science, biotechnology, experimental physics, research security, social and ethical considerations, workforce development and diversity, equity, and inclusion efforts at NASA, NSF, DOE, EDA, and NIST.
Shanghai Micro Electronics Equipment (Group) Co., Ltd. (SMEE), is a semiconductor manufacturing equipment company based in Shanghai, China. The company is involved in the research, development, manufacture and sale of lithography scanners and inspection tools to the semiconductor manufacturing industry; it also provides support services to its customers.
Lasertec Corporation is a Japanese company based in Yokohama that specializes in the development, manufacture and distribution of inspection and measurement systems used primarily in the semiconductor industry. In its niche, the company is the global market leader. Lasertec pursues a fabless strategy and outsources production to subcontractors, allowing it to concentrate on research and development. Lasertec's shares are listed on the Tokyo Stock Exchange and are included in the Nikkei 225 index.
In November 2013, following our customers' decision, ASML decided to pause the development of 450 mm lithography systems until customer demand and the timing related to such demand is clear.
Media related to ASML at Wikimedia Commons