ASML NV, Europe’s largest chip-equipment maker, won its biggest order yet for a new type of machinery the Dutch company is betting on to boost sales. The stock jumped.
ASML will deliver at least 15 extreme ultraviolet lithography machines to one of its top customers in the U.S., according to a statement from the Veldhoven, Netherlands-based company on Wednesday. Two of the machines will be delivered this year, ASML said, without giving a timing for the rest.
The manufacturer is trying to persuade chipmakers to upgrade their machinery to EUV technology, which enables the production of smaller chips while increasing the capacity and speed.
Shares of ASML rose as much as 10 percent, the biggest gain in more than eight months. They advanced 7.1 percent to 98.13 euros at 10:39 a.m. in Amsterdam, valuing the company at 43 billion euros ($46 billion). The stock had risen 54 percent in the past 12 months through yesterday.
The company didn’t disclose terms or the client’s name. In the U.S., Intel Corp. is ASML’s biggest customer. The chipmaker said last week that it’s reducing its 2015 budget for new plants and equipment by 13 percent to about $8.7 billion.
“This is a clear sign that most probably Intel is moving to EUV for 7 nanometers,” Robin van den Broek, an analyst at ING Bank NV, said by phone. “Assuming normal prices, it’s a 1.5 billion-euro order, so you’re committing serious amounts of money to this technology.”
Intel representatives in Europe and Japan didn’t immediately respond to e-mails seeking comment.
Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co., two other large ASML customers, will have to follow suit in moving to EUV, Van den Broek said.
“The EUV pipeline in the coming quarters will get well filled,” he said.