AMSTERDAM, May 23 (Reuters) - European tech giant ASML
and the Eindhoven University of Technology said on
Thursday they have agreed to spend a combined 180 million euros
($195 million) on semiconductor research over the coming decade.
ASML, the largest supplier of equipment used in computer
chip manufacturing, has been struggling with where and how it
will expand operations, and with questions over whether the
workforce and other infrastructure in the Netherlands' Eindhoven
region will be enough to meet its growth plans.
"The collaboration will increase the availability of PhDs,
which our industry has a strong need for, and will provide
scientific insights that are relevant to the chip industry and
society," ASML CFO Roger Dassen said in a statement announcing
the deal.
"With this agreement we are investing in science in the
Netherlands and in training experts."
The university said it expects to spend 100 million euros to
build and run a advanced cleanroom facility where it will
conduct semiconductor related research into fields including
plasma physics, mechatronics, optics and AI. ASML is investing
80 million euros.
University President Robert-Jan Smits said the partnership
was the largest ever for the university, and would help cement
Eindhoven's importance as a "semicon hotspot."
The Dutch government in March said it would spend $2.7
billion on what it dubbed "Project Beethoven" to improve roads,
housing and the electric grid around Eindhoven to ensure that
ASML did not follow through on a threat to move significant
operations abroad.
In April, ASML signed a letter of intent with the city of
Eindhoven for an expansion in an undeveloped area near the
city's airport large enough to house 20,000 additional
employees.
At the end of 2023 ASML, based in the Eindhoven suburb of
Veldhoven, had 42,000 globally, with 23,000 of them in the
Netherlands.
The company has a long-range forecast of 44-60 billion euros
in annual sales by 2030, roughly doubling from 26.7 billion
euros in 2023.
($1 = 0.9241 euros)