Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

ASML Doesn’t Need More EUV-System Acquisitions, CFO Says

Nov. 15 (Bloomberg) -- ASML Holding NV, Europe’s largest semiconductor-equipment supplier, plans to deliver more advanced chipmaking technology without additional purchases following its 1.95 billion-euro ($2.5 billion) deal to buy Cymer Inc.

“We don’t need anything,” Chief Financial Officer Peter Wennink said today in an interview at a conference organized by Morgan Stanley in Barcelona. “The main focus is on getting the Cymer deal done, making sure that from now on the execution is flawless and seamless, and we have no other plans.”

ASML’s proposed acquisition of Cymer, the Veldhoven, Netherlands-based manufacturer’s biggest takeover ever, is intended to speed up development of so-called extreme ultraviolet, or EUV, lithography. San Diego-based Cymer is a supplier of light sources used in ASML products.

EUV technology is important for the chipmaking industry to enable the production of smaller chips while increasing their capacity and speed for devices such as handsets and tablet computers. Customers Samsung Electronics Co., Intel Corp. and Taiwan Semiconductor Manufacturing Co. have bought a combined 23 percent stake in ASML for 3.85 billion euros ($4.9 billion) to help fund EUV development.

ASML expects deliveries of the first 11 EUV systems in 2013 at customers for research and development, and additional orders for production systems in 2014. ASML has currently received four commitments and expects another four to eight within the next six months, Wennink reiterated today.

To contact the reporters on this story: Maaike Noordhuis in Amsterdam at mnoordhuis@bloomberg.net; Cornelius Rahn in Barcelona via crahn2@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.