Netherlands-based ASML Holding NV, a leading global supplier of chipmaking machinery, on Wednesday announced plans for a factory in New Taipei City to support international customers and the development of the semiconductor industry.
ASML’s announcement came after President Tsai Ing-wen (蔡英文) praised the company’s commitment to continuously investing in Taiwan at a meeting on Tuesday with its chief operations officer, Frederic Schneider-Maunoury.
ASML continues to invest globally and in Taiwan to prepare for the company’s continued growth, and to support global customers and the development of the semiconductor industry, the company said in an e-mail reply to Taiwanese media.
Photo courtesy of the Presidential Office via CNA
Vice Premier Shen Jong-chin (沈榮津), who was at Tuesday’s meeting, said that ASML should begin construction on the New Taipei City project in July next year.
ASML is the world’s sole supplier of extreme ultraviolet lithography (EUV) photolithography machines used by semiconductor manufacturers to produce cutting-edge chips.
It has become one of the foremost wafer-foundry equipment suppliers to Taiwanese manufacturers, including Taiwan Semiconductor Manufacturing Co (台積電), the world’s largest contract chipmaker.
Photographer: Peter Boer/Bloomberg
At Tuesday’s meeting, Tsai told Schneider-Maunoury that investing in Taiwan was “a very correct direction” and that the government would continue to provide support, a press release issued by the Presidential Office said.
ASML has five factories in Taiwan employing more than 4,500 people and plans to increase its investments in the country, the release said.
The company in 2020 launched a global EUV training center for engineers at the Southern Taiwan Science Park (南部科學園區) in Tainan.
ASML’s new project next year would be its biggest investment in Taiwan yet, and the continued cooperation between the company and Taiwan will enhance each other’s semiconductor capabilities, Tsai said in a social media post later on Tuesday.
Tsai said she was grateful that ASML had taken concrete actions to invest at a time when the world is focusing on Taiwan.
“I believe this would dispel the over-hyped risk of investing in Taiwan,” she said.
The company’s teams are based in Hsinchu City, New Taipei City’s Linkou District (林口), Taichung and Tainan, with its first office dating to 2003, ASML’s Web site says.
ASML is aggressively expanding its presence in Asia to enhance collaborations with its largest customers, aiming for significant growth opportunities.
On Wednesday, the company held a groundbreaking ceremony of its new semiconductor cluster in South Korea, home to the world’s two biggest memorychip makers: Samsung Electronics Co and SK Hynix Inc, Yonhap news agency reported.
ASML is building a US$181 million chip cluster in Hwaseong, about 40km south of Seoul, which would include a local repair center, training center, research and development center for parts, and education and experience center, the report said.
The construction is expected to be completed by the end of 2024, it said.
South Korea accounted for 33.4 percent of ASML’s total sales last year, up from 29.7 percent the previous year, company data showed.
Elon Musk’s lieutenants have reached out to chip industry suppliers, including Applied Materials Inc, Tokyo Electron Ltd and Lam Research Corp, for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc and Space Exploration Technologies Corp (SpaceX) have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve contacted makers of photomasks, substrates, etchers, depositors, cleaning devices, testers and other tools, according to the people, who asked not to
Taiwan is attracting a growing number of foreign jobseekers as companies increasingly recruit overseas talent to ease labor shortages and expand global reach, recruitment platform 104 Job Bank (104人力銀行) said yesterday. More than 40,000 foreign nationals searched for jobs in Taiwan through the platform last year, a 28 percent increase from a year earlier, the company said. Malaysians accounted for the largest share of overseas jobseekers at 12.2 percent, followed by Indonesians at 11.9 percent and Vietnamese at 10.8 percent. Indonesian applicants surged more than 50 percent year-on-year, while Vietnamese jobseekers rose by more than 30 percent. Applicants from the
NO SHORTCUTS: Asked about Elon Musk’s Terafab initiative, TSMC CEO C.C. Wei said it takes two to three years to build a fab and another one to two to ramp it up Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday raised its revenue growth forecast for this year to above 30 percent, up from the 25 percent it estimated three months earlier, citing extremely robust artificial intelligence (AI)-related chip demand. “Our customers and customers’ customers, who are mainly cloud service providers, continue to send us very positive signals and outlook,” TSMC chairman and CEO C.C. Wei (魏哲家) said at an earnings conference. The company also hiked its capital expenditure for this year toward the higher end of its forecast, or US$56 billion, as it aims to step up advanced chip capacity expansions, such as
The founder of Chinese property giant Evergrande Group (恆大集團) has pleaded guilty to charges of fraud and bribery, a court said yesterday, the latest blow for what was once the country’s leading developer. Evergrande’s rise was propelled by decades of rapid urbanization and rising living standards, but in 2020, its access to credit dramatically narrowed when the government introduced curbs on excessive borrowing and speculation. The company defaulted in 2021 after struggling to repay creditors. Founder Xu Jiayin (許家印), 67, known as Hui Ka Yan in Cantonese, was reportedly held by police in 2023, with Evergrande saying he had been subjected to