ASML visit to boost European CHIPS Act

ASML visit to boost European CHIPS Act

Business news |
By Nick Flaherty

European Commission president Ursula von der Leyen today visited chip equipment maker ASML ahead of legislation to boost the chip industry in Europe.

The visit, with Dutch Prime Minister Mark Rutte (above right), Executive Vice-President Margrethe Vestager and Commissioner Thierry Breton, is part of a bid for legislation to double its market share in chips from 10 to 20 percent by 2030, including in the most cutting-edge chips.

ASML is the only provider of deep EUV lithography technology necessary for 5nm chip production and below.

.“ASML is one of the most important tech companies in the world. It is a major player in the global value chain for semiconductors. And it is essential to chips manufacturers across the globe. Technology and machines designed by ASML help produce chips in Singapore, Korea or the US, to name just a few,” she said. “This company will play a big role in our efforts to make Europe more competitive and more sovereign in the tech sector. This is the objective of the European Chips Act, which we will propose in the first part of next year.

“Europe has what it takes to get there. ASML is a clear proof of that,” she said.

Some of the messages have been repeated often, such as the need for more coordination between research activities and matching research with industry’s needs. Others are about building up production capacity for chips and to coordinate the support provided to companies to develop this additional production capacity.

But she also called for improvements in chip design. “We need to get better on chip design,” she said. “We need more cooperation with industry, which will develop new European products that will use cutting-edge chips. And that means more skilled jobs and new markets for our companies.”

She points to the European Union investing up to €200bn from NextGenerationEU recovery plan to fund developments in this sector.

“Increased European production of chips is good for Europe, as this means less dependence on a few East Asian countries. It is also good for the world, as it means more diverse supply chains. And for ASML, it means broader, stable markets for its products. The whole sector will benefit from the European Chips Act.”

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