ASML’s Bold Expansion: €100 Million Annual Investment in Berlin Factory

November 23, 2023 –In accordance with reports from the German media outlet Handelsblatt, ASML, headquartered in the Netherlands, is set to embark on a significant investment initiative starting from 2023. The company plans to allocate €100 million annually to expand and enhance its factory in Berlin, Germany, with the aim of bolstering both production and development capacities.

George Gomba, the Vice President of ASML, revealed to the media that over the next few years, an average annual investment of €100 million (approximately ¥780 million RMB at the current exchange rate) is planned. Apart from advancing production and development capabilities, the company also aims to actively attract local talent.

Gomba indicated that since the beginning of 2022, the factory has already recruited 600 employees, bringing the current workforce in Berlin to over 1700. The company anticipates further expansion, reaching a total of 2300 employees in the coming years.

The ASML Berlin factory plays a pivotal role in the production and research of high-precision components made from materials such as glass and ceramics, holding a crucial position within ASML’s overall supply chain.

ASML currently boasts a market capitalization of nearly €250 billion, standing as one of the most valuable technology companies in Europe. It is also the sole global provider of extreme ultraviolet (EUV) lithography machines. Given the significance of EUV in advanced processes below 7 nanometers, ASML’s presence in the industry is indispensable.

According to previously disclosed financial reports, ASML achieved a sales revenue of €67 billion in the third quarter, marking a 16% year-on-year increase. Profits stood at approximately €19 billion, reflecting an 11% year-on-year growth.

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