Another record year for ASML

ASML has had a record year once again. The Veldhoven chip machine manufacturer made EUR10.9 billion.

That is two billion more than in 2017. In October, ASML already indicated that they were expecting a record turnover of almost EUR11 billion. Profits were also higher again.

“2018 is an exceptionally good year. In financial terms, but more importantly, technologically. We made a lot of progress in the developments of our innovative EUV-machines”, Chief Executive Officer, Peter Wennik, says. EUV-machines work with ultraviolet light. That makes it possible for the machines to work even faster and to produce extremely precise chips. The technology is in full swing and the latest EUV’s cost EUR200 million each.

For 2019, all signals are on green for the chip machine manufacturer. There is a large, growing, worldwide demand for chips for, among other things, smartphones, computers, and navigation systems. Many of those chips are produced with ASML’s machines. For this quarter, the Group however expects a dip. ASML has suffered from the effects of the fire at Prodrive, which supplies parts for the chip machines.

Due to ASML’s rapid growth, more than 200 people are employed per month. In Veldhoven, more than 12,000 people of over 100 different nationalities, are employed.

Source: www.studio040.nl

Translated by: Bob

Edited by: Melinda

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