ASML Exec Says Zero Revenue in Europe in 2026, Urges EU to Create Chip Demand
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ASML, the world's sole supplier of extreme ultraviolet (EUV) lithography machines, has warned that it expects to sell no equipment in Europe in 2026, with its European revenue share dropping to 0% in the first two quarters. Frank Heemskerk, ASML's executive vice president for public affairs, stated that Europe has no investment and no advanced fabs under construction, making the situation 'really worrying.' He argued the problem is on the demand side, not supply, noting that EU subsidies for factory construction are ineffective without customer orders. ASML is in dialogue with the European Commission president to urge Europe to reconnect large chip buyers with local manufacturers. The article notes that while some fabs are being built in Europe, none are advanced enough to require EUV or High-NA EUV machines, and Europe has largely lost the ability to produce advanced chips end-to-end locally.
Source report
September 25 – ASML, the world's sole supplier of extreme ultraviolet (EUV) lithography machines, has reported that it sold no equipment in Europe in 2026, calling on the European Union to stimulate chip demand.
Speaking at a symposium, Frank Heemskerk, Executive Vice President of Public Affairs at ASML, stated: "We sold nothing in Europe. Because there is no investment, no fabs being built. This is truly concerning."
Heemskerk noted that Europe's share of ASML's revenue has dropped to 0% in 2026, down from 1% in 2025.
Declining European Revenue Share
According to ASML's investor presentation materials, the company's revenue share from Europe has steadily declined:
- 2022: 2%
- 2023: 4%
- 2024: 5%
- 2025: 1%
- 2026 (first two quarters): 0%
ASML, currently valued at approximately $660 billion, is Europe's most valuable company and the global monopoly supplier of EUV lithography systems. Yet it has generated no revenue in its home region.
Demand-Side Problem, Not Supply
Heemskerk attributed the issue to insufficient demand rather than a lack of supply. While the EU has been subsidizing fab construction, he argued that building facilities without securing orders is ineffective.
ASML confirmed it is in dialogue with the President of the European Commission, urging the EU to consolidate market power and vitality, and to reconnect Europe's major chip customers with European manufacturers.
No Advanced Fabs Under Construction
Although some wafer fabs are being built in Europe, none involve advanced process nodes that require EUV or High-NA EUV lithography. For ASML, the inability to sell its most expensive and advanced machines represents the core concern.
Loss of Full-Cycle Advanced Chip Production
A further risk is that Europe has largely lost the capability to complete the full production cycle of advanced chips locally. This means that "Made in Europe" chips are either:
- Not packaged in Europe,
- Not manufactured in Europe, or
- Not designed in Europe.
Source
快科技Neutral / independent
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ASML reports zero EUV sales in Europe, warns region falling behind in chip race