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ASML Plans $181 Million Chip Centre in South Korea – Nikkei

The move is an effort to bolster ASML’s relations with customers like Samsung and SK Hynix in the face of new US chip sanctions against China

Chip supplier ASML announced strong Q3 sales and profit on Wednesday, saying it is unable to keep up with orders for its large lithography machines.
ASML Holding logo is seen at company's headquarters near Eindhoven. Image: Reuters


European chip-making equipment manufacturer ASML is planning to invest $181 million in a new chip equipment centre in South Korea, its second biggest market, Nikkei Asia reported.

The move is an effort by ASML to bolster its relations with customers like Samsung and SK Hynix in the face of restrictions imposed by the US on exports of chipmaking technology to China.

Read the full report: Nikkei Asia


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Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at [email protected]


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