ASML Executive Highlights Zero European Sales Amidst Global Chip Investment Surge
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ASML Executive Highlights Zero European Sales Amidst Global Chip Investment Surge
- ASML Executive Vice President Frank Heemskerk stated on September 22, 2026, that the company currently has no sales of chipmaking machines in Europe, attributing it to a lack of investment and new factory construction in the region.
- This situation arises as the United States, China, and India significantly increase their investments in domestic semiconductor industries, potentially leaving Europe behind despite its own "Chips Act."
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ASML Holding NV, a Dutch multinational corporation and the world’s largest supplier of photolithography machines essential for producing integrated circuits, is currently not selling any of its advanced chipmaking equipment within Europe. Frank Heemskerk, ASML’s Executive Vice President for global public affairs, indicated on September 22, 2026, that this is due to insufficient investment in the continent and a lack of new chip factories being built there.
Heemskerk’s remarks underscore a growing concern that Europe risks falling behind in the global semiconductor race. Countries like the United States, China, and India are heavily investing in developing their domestic semiconductor manufacturing capabilities, offering incentives and government funds.
Europe has attempted to bolster its position with initiatives like the European Chips Act, adopted in 2023, which aims to double Europe’s share of global chip production to 20% by 2030 with a targeted €43 billion in public and private investment. However, some reports suggest the act has largely failed to stimulate significant investment in new chip manufacturing facilities to date.
While ASML itself is headquartered in the Netherlands and has offices in several European countries, its major markets for sales are primarily in Asia, including China, Taiwan, and South Korea. In fiscal year 2025, China was ASML’s largest region by revenue, accounting for 29.1% of the total. The company reported total net sales of €32.7 billion in 2025 and anticipates between €34 billion and €39 billion for 2026. ASML’s second-quarter 2026 results showed €9.3 billion in total net sales, but system net sales in Europe were zero.