The shortages in the chip industry and investments in additional capacity are leading to high demand for ASML chip machines. The order book of the chip machine manufacturer from Veldhoven doubled in the past quarter to 17.5 billion euros in outstanding orders. Never before have so many chip machines been ordered in a quarter.
“Our customers crave those machines,” says CEO Peter Wennink. Together with suppliers, Wennink says that they are working hard to make a few extra for the rest of the year. Of the advanced EUV machines, 80% of what ASML produces next year has already been sold.
The company expects demand to remain high for the foreseeable future. This is not only due to extra investments in factories to make chips, but also because more and better chips are needed in all kinds of products. ASML makes the machines needed to produce those chips.
For the whole of 2021, ASML expects to convert 35 percent more than in 2020. Net profit in the second quarter amounted to one billion euros.