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May 19, 2022
ASML Chief Warns Critical Equipment Crisis Is Dampening Chipmakers’ Ambitious Expansion Plans: FT
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ASML Chief Warns Critical Equipment Crisis Is Dampening Chipmakers’ Ambitious Expansion Plans: FT

Employees are seen working on the final assembly of ASML’s TWINSCAN NXE:3400B semiconductor lithography tool with its panels removed, in Veldhoven, Netherlands, on April 4, 2019. (Bart van Overbeeke Fotografie/ASML/Handout via Reuters)

ASML Holding NV CEO Peter Wennink warned about the critical equipment crisis as the supply chains struggled to drive production, the Financial Times reports.

Wennink saw the crisis impeding chipmakers’ multibillion-dollar expansion plans over the next two years,

Intel Corp. CEO Pat Gelsinger acknowledged that the crisis posed a challenge for the company’s expansion plans.

Gelsinger was in direct contact with Wennink and had sent its manufacturing experts to the company to help drive production.

Wennink talked about stepping up capacity significantly more than 50 percent, which would be time-consuming.

It would take two years to build the shell of the chip factory and additional one or two years to fill it with equipment.

The U.S. and Europe planned tens of billions in support for chip manufacturing to reduce their reliance on Asian manufacturers like Taiwan Semiconductor Manufacturing Co. Ltd.

By Anusuya Lahiri

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.

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