ASML charts major expansion in Netherlands with new facility in Eindhoven
23 Apr 2024
ASML, the world’s largest supplier of computer chip making equipment and the largest technology player in the Netherlands, is planning a major expansion with the opening of a major facility in the Dutch city of Eindhoven, employing around 20,000 people.
The company said it has signed a letter of intent with the city administration to explore the prospects of expanding into a relatively underdeveloped area near the city airport.
The development comes days after ASML reversed a contract with Chinese chipmakers, ending supplies of certain equipment to Chinese chip maker
ASML is looking to make use of the global realignment of the highly profitable electronics industry in a fiercely innovative ecosystem that seeks to fuel growth in protected semiconductor manufacturing hubs.
The company is seeing a growing market for its products and services across semiconductor end markets.
Total net sales of the company for the year 2023 stood at €5.3 billion, with net system sales of €4.0 billion and installed base management sales of €1.3 billion.
ASML reported a gross margin of 51 per cent and an operating margin of 26.3 per cent for the year while net income or net profit as a percentage of net sales stood at 23.1 per cent.
ASML expects to reach annual revenue target of around €30 billion to €40 billion in 2025, based on different market scenarios.
Gross margin is expected to be between 54 and 56 per cent, with 2030 annual revenue of €44 billion and €60 billion and gross margin between 56 per cent and 60 per cent.
