💡ASML's EU Revenue Dries Up to 0%
European chipmakers are building fabs, but not buying ASML's tech
TL;DR
European chipmakers are investing heavily in new fabs but aren't buying ASML's EUV lithography systems. ASML's EU revenue share dropped to 0% in Q1 and Q2 2026, despite major investments by Intel and ESMC.
ASML, the sole supplier of EUV lithography systems, saw its revenue share in Europe drop to 0% in the first two quarters of 2026. European chipmakers are investing billions in new fabs but are opting for less advanced, cheaper tools. Intel's €5 billion investment in its Fab 34 in Ireland and ESMC's €15 billion fab near Dresden are notable examples. The lack of EUV adoption means European fabs are not on the cutting edge of semiconductor technology, which could impact their global competitiveness.
Key Points
ASML, the world's only EUV lithography system supplier, saw its EU revenue share drop to 0% in Q1 and Q2 2026.
Intel plans to invest €5 billion in its Fab 34 facility near Leixlip, Ireland, but isn't buying ASML's EUV tech.
ESMC is building a new fab near Dresden for €15 billion, using mature tools instead of cutting-edge EUV systems.
Infineon opened its new €5 billion Smart Power Fab in Dresden in July 2026, avoiding ASML's EUV tech.
GlobalFoundries broke ground on Fab 1's latest major expansion in March, forced by headwinds in the Grenoble, France, joint fab.
Why It Matters
European chipmakers are investing billions in new fabs but avoiding ASML's EUV tech. This means European fabs are not on the cutting edge of semiconductor technology, which could impact their global competitiveness. Intel's €5 billion investment in Fab 34 in Ireland and ESMC's €15 billion fab near Dresden are notable examples of this trend.
Comments
Be the first to comment
Enjoyed this article?
Get it daily. 7am. Free. Reads in 5 minutes.
Join 3,567 builders reading daily.