ASML: production of euv machines is going better than expected

Jul

18

2018

According to ASML, the production and improvement of euv machines for chip production goes better than expected. As a result, the company from Veldhoven was able to deliver four ordered machines in the past quarter, one more than expected.

Peter Wennink, the CEO of ASML, says during the presentation of the quarterly figures that the production and improvement of euv machines have been accelerated by ‘targeted execution’. Chip manufacturers want to use the machines this year to make chips on smaller processes.

ASML delivered four euv machines in the past quarter, but also received seven new orders. The company still says it is on track to deliver a total of twenty machines this year. Next year, production must be boosted in order to deliver thirty euv machines.

ASML also received more orders for machines for the production of memory chips. As a result, sales in the quarter amounted to 2.74 billion euros, ie more than the 2.5 to 2.6 billion euros that was expected. Sales were also much higher than in the same quarter last year. Then it was 1.9 billion euros. The quarterly profit came to 540 million euros.

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