Lots of space Claim they are the most proud of Silicon Valley Europe: Stockholm Unicorns per head, And the continent of London VC Hub. But only the small Dutch town of Velhoven যার with a population of ,000 45,000 বাড়ি is home to one of Europe’s closest things to a major technology giant.
From its outstanding base near the Belgian border, ASML, A company that makes machines that make semiconductor chips, has become a critical cog in the global technology industry. At the end of 2021, it was renamed Europe The largest According to the market cap, public tech companies have increased due to epidemic demand for devices and global chip shortages. Coming out of the Dutch electronics giant Philips in 1984, ASML enabled other companies to build. Semiconductor chips-Technology brains in phones, cars, computers and smart homes. Experts describe ASML as a barrier: the company claims that it has 80 to 85 percent of the total market share for lithography systems that make up semiconductors. When it comes to the most advanced type of chipmaking lithography machine known as Extreme Ultraviolet Lithography (EUV), the market share increases by 100 percent.
But despite the recent pace of ASML, there is still a field of uncertainty on the horizon. As a result of trade tensions between Washington and Beijing, the company has been barred from selling its most advanced machines to China. Although the country currently only sells 7.6 percent According to the Semiconductor Industry Association, among the world’s chips, this number is growing rapidly and the chips are one of the seven technologies in Beijing. For development purposes. Attempts to block China from the global supply chain have raised concerns that the country will rush to create its own version of ASML, threatening the Dutch company’s external influence in the semiconductor market.
Thanks to the gamble adopted by ASML in the 1990s for the development of EUV technology, which uses tiny rays of light to engrave patterns on silicon fragments that make up semiconductor chips, the company’s dominance is now unchallenged. ASML estimates that its most advanced technology is so complex that it will take at least 15 years to replicate others.
“There was a lot of competition that the company had [in the 1990s] I decided not to take the risk of investing in the EUV because it seemed so difficult, so expensive and probably would never work, “said Chris Miller, an assistant professor of international history at Tufts University who is writing a book on geopolitical history. As a result of that bet, ASML is valued at more than $ 300 billion and its share price has more than doubled since the beginning of 2020. Mt. That could be the first company in Europe to be worth over $ 1 trillion.
Transfer to EUV was long and expensive. The company had to persuade its customers – including Intel, Samsung and Taiwan Semiconductor Manufacturing – to buy a stake in the company so that there was enough money to pay for the research. When it was able to launch its first commercial EUV machine in 2017, the process cost 9 billion. But the debt was huge. It is now the only company capable of supplying UV machines, making the most advanced types of chips available in new phones and game consoles, to industry giants such as TSMC or Intel. As of September 2021, the company has sold 125 EUV machines. It may not sound like much, but there aren’t many companies that are able to make the most advanced chips using these machines, and ASML sells for over $ 100 million each.