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12-01-2022, 01:45 PM
MORGAN MEAKER BUSINESS 01.11.2022 07:00 AM
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the small Dutch town of Veldhoven—whose population numbers 45,000—is home to the closest thing Europe has to a big tech giant.
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ASML, a company that builds the machines that make semiconductor chips, has mushroomed to become a critical cog in the global technology industry. At the end of 2021, it was named Europe’s largest public tech company by market cap
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it has between 80 and 85 percent share of the total market for lithography systems that make semiconductors. When it comes to the most advanced type of chipmaking lithography machine, known as extreme ultraviolet lithography (EUV), that market share surges to 100 percent.
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As a result of trade tensions between Washington and Beijing, the company has been blocked from selling its most advanced machines to China. Although the country currently only sells 7.6 percent of the world’s chips, according to the Semiconductor Industry Association, this number is growing fast and chips are one of seven technologies Beijing has targeted for development. Attempts to block China from the global supply chain has created concern that the country will rush to develop its own version of ASML, threatening the Dutch company’s outsized influence over the semiconductor market.
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it was able to launch its first commercial EUV machines in 2017, the process had cost US$9 billion. But the payoff was huge. It is now the only company able to supply EUV machines
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But a political maelstrom could hit ASML’s growth plans. The company’s breakthrough in EUVs coincided with another event: Donald Trump’s arrival in the White House. In 2018, when ASML received an order for an EUV machine from a Chinese customer, reported to be the Semiconductor Manufacturing International Corporation or SMIC, the Trump administration lobbied the Dutch government to block ASML from fulfilling it.
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Shanghai Micro Electronics Equipment is one company being positioned as Beijing’s alternative to ASML. This is a concern for ASML, according to CEO Peter Wenninck, who in an interview with Politico said that “in 15 years' time they'll be able to do it all by themselves — and their market [for European suppliers] will be gone.”
https://www.wired.com/story/europe-asml-chip-shortage/
......
the small Dutch town of Veldhoven—whose population numbers 45,000—is home to the closest thing Europe has to a big tech giant.
......
ASML, a company that builds the machines that make semiconductor chips, has mushroomed to become a critical cog in the global technology industry. At the end of 2021, it was named Europe’s largest public tech company by market cap
......
it has between 80 and 85 percent share of the total market for lithography systems that make semiconductors. When it comes to the most advanced type of chipmaking lithography machine, known as extreme ultraviolet lithography (EUV), that market share surges to 100 percent.
......
As a result of trade tensions between Washington and Beijing, the company has been blocked from selling its most advanced machines to China. Although the country currently only sells 7.6 percent of the world’s chips, according to the Semiconductor Industry Association, this number is growing fast and chips are one of seven technologies Beijing has targeted for development. Attempts to block China from the global supply chain has created concern that the country will rush to develop its own version of ASML, threatening the Dutch company’s outsized influence over the semiconductor market.
......
it was able to launch its first commercial EUV machines in 2017, the process had cost US$9 billion. But the payoff was huge. It is now the only company able to supply EUV machines
......
But a political maelstrom could hit ASML’s growth plans. The company’s breakthrough in EUVs coincided with another event: Donald Trump’s arrival in the White House. In 2018, when ASML received an order for an EUV machine from a Chinese customer, reported to be the Semiconductor Manufacturing International Corporation or SMIC, the Trump administration lobbied the Dutch government to block ASML from fulfilling it.
......
Shanghai Micro Electronics Equipment is one company being positioned as Beijing’s alternative to ASML. This is a concern for ASML, according to CEO Peter Wenninck, who in an interview with Politico said that “in 15 years' time they'll be able to do it all by themselves — and their market [for European suppliers] will be gone.”
https://www.wired.com/story/europe-asml-chip-shortage/
