ASML, a leading semiconductor equipment manufacturer based in Eindhoven, has joined forces with Eindhoven Tech University (TU/e) to invest €180 million in semiconductor research over the next ten years. The partnership aims to bolster Europe's chipmaking capabilities, address the industry's need for skilled PhDs, and generate scientific insights relevant to the chip industry and society.
The collaboration will involve increased joint research projects between ASML and TU/e, with a particular focus on training more PhD students in the field of semiconductor technology. This initiative aligns with the goals of Project Beethoven, a government-led effort to strengthen the Eindhoven region as a semiconductor hub and prevent the relocation of ASML's core activities.
With a market capitalization of over €353 billion, ASML plays a crucial role in Europe's technological landscape and security. By reducing its reliance on foreign chip manufacturers, Europe aims to enhance its resilience in the global technology supply chain.
This partnership comes on the heels of ASML's recent commitment to expand its operations in Eindhoven, quelling concerns about potential relocation. The company plans to accommodate 20,000 new employees in the northern part of the city, solidifying its presence in the region and reinforcing its commitment to European chip innovation.
