Just said that key equipment is in short supply, ASML visited South Korea to discuss semiconductor settlements

Dutch semiconductor equipment leader ASML Holding NV CEO Peter Wennink is currently discussing semiconductor cooperation in South Korea after warning that key equipment will be in short supply for the next two years.

Yonhap News Agency reported that ASML announced on the 5th that Wennink visited Hwaseong City on April 4 and negotiated with Mayor Seo Cheol-mo. However, an ASML spokesman said no meetings with key clients were scheduled this time around. ASML is the only supplier of extreme ultraviolet (EUV) lithography equipment in the world, and South Korea, where Samsung Electronics Co. and SK hynix Inc. are located, is one of its largest markets.

The Huacheng government said in a statement that Wennink discussed with officials the semiconductor settlement under construction and how to cultivate local talent. The statement quoted Wennink as pointing out that the ASML Hwaseong semiconductor settlement is progressing smoothly, thanks to the strong support of the city government.

The last time Wennink visited South Korea in November 2021, he met with Samsung and SK Hynix executives to discuss chip development and supply.

ASML signed a memorandum of cooperation with Huacheng in November last year, and will invest 240 billion won (about 212 million US dollars), and it is expected to complete a semiconductor settlement covering an area of ​​16,000 square meters in 2024. The facility will include an office building for up to 1,500 employees, an EUV machine training and maintenance center.

South Korea is a key market, contributing as much as 33.4% of ASML’s revenue in 2021, up from 29.7% in 2020. ASML entered South Korea in 1996 and established global distribution, support and training centers in Cheongju, Hwaseong, Pyeongtaek and Icheon, employing more than 1,400 local employees.

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