As of 2024, most of the sales revenue of ASML was generated in Asia with **** billion euros generated in China and a further *** billion euros generated in South Korea. The company had a sales revenue of *** billion euros in the United States, while revenues in Taiwan amounted to nearly *** billion euros. ASML's business activity The total net revenue of ASML has grown annually. In 2024, the company's revenue has risen to approximately **** billion euros of revenue. Headquartered in Veldhoven, the company is the largest supplier of photolithography systems for the semiconductor industry worldwide. The company is a leading provider of machines involved in the production of advanced chip technology. Dutch chip design and architecture companies With regards to chip design and architecture, the Netherlands is home to several innovative businesses, including the multinational semiconductor manufacturer NXP Semiconductors. In terms of segments, the company is strong in automotive and IoT applications, as well having strengths within the communication infrastructure and mobile markets, being the co-inventor of near-field communication (NFC) technology along with Sony.

Of the 21.79 billion euros in system sales in 2024, over seven billion euros came from NXE systems, including extreme ultraviolet (EUV) lithography machines. ASML is the leading manufacturer of EUV equipment, which is an advanced technology with the capability of developing ever more powerful chips. Advanced chipmakers rely on ASML As an important member of the global chip industry, Netherlands-based ASML is the largest European semiconductor company in terms of market capitalization. ASML offers a wide portfolio of semiconductor manufacturing equipment and services, used by a variety of firms in the production of advanced chips. ASML’s solutions are used by the likes of Taiwan Semiconductor Manufacturing Company (TSMC) – the world’s largest semiconductor foundry. Where do ASML’s machines fit in the production process? The semiconductor industry can be categorized into three distinct stages: design, fabrication, and assembly. The production or fabrication of semiconductors is completed either by integrated device manufacturers such as Intel or Samsung, or outsourced to a foundry company. A foundry is a company that manufactures chips in a fabrication plant. Such firms rely on semiconductor manufacturing equipment – like those supplied by ASML – and materials to fabricate a chip design on a silicon wafer.

ASML's number of employees increased year-by-year and as of 2024, ASML reached 44,027 employees worldwide. Examining the numbers of employees distributed by region, most of ASML employees worked in Europe, with 25,848 employed individuals. The company had 9,699 and 8,480 employees in Asia and the United States, respectively. Dutch semiconductor industry On a country level, the Netherlands is an important market, home to many advanced players in the semiconductor industry. The Netherlands is regarded as being one of only a few countries in the world, together with the likes of the U.S. and Japan, to have a complete semiconductor industry value chain within its borders. This includes applied research, chip design, chip architecture, the production of chips, the equipment required to make them, and system integration and applications. Chip production and equipment The Netherlands is also home to several companies that provide equipment to the semiconductor manufacturing industry, including ASML. Headquartered in Veldhoven, the company generated revenues of 27.56 billion euros in 2023 and is the one of the largest suppliers of photolithography systems for the semiconductor industry worldwide.

Applied Materials, a leading provider of semiconductor manufacturing equipment, has seen significant growth in revenue across various regions. China emerged as the company's largest market, with revenue reaching ***** billion U.S. dollars in 2024. This growth reflects the increasing demand for semiconductor technology and Applied Materials' strong position in the global market. Leadership in the market Applied Materials' success is evident in its overall financial performance, with the company generating **** billion U.S. dollars in revenue in 2023. As a leader in materials engineering solutions for the semiconductor industry, Applied Materials serves major customers such as Taiwan Semiconductor Manufacturing Company (TSMC), Intel, and Samsung. Competition for customers and innovation Another notable name in the semiconductor equipment market is ASML. The Dutch company also counts TSMC, Intel, and Samsung as its key clients and is famed for being a leading manufacturer of extreme ultraviolet (EUV) equipment. These advanced manufacturing machines enable the production of smaller, more powerful chips that are demanded across multiple industries.

The global EUV Lithography sales were valued at around US$ 4,648.6 Million by the end of 2021. The market is projected to register a 21.5% CAGR between 2022 and 2029 reaching a value of US$ 22,978.6 Million by 2029. EUV stands for extreme ultraviolet which refers to light’s wavelength. Increasing advanced lithographic systems is one of the key factors accelerating the sales of this technology in the market.

Attribute	Details
Global EUV Lithography Market Value (2021A)	US$ 4,648.6 Million
Global EUV Lithography Market Analysis Estimation (2022E)	US$ 5,879.6 Million
Global EUV Lithography Market Analysis Projection (2029F)	US$ 22,978.6 Million
Value CAGR (2022 to 2029)	21.5%
Collective Value Share: Top 3 Countries (2022E)	60.8%

How The Market Progressed Till June 2022?

Market Statistics	Details
H1,2021 (A)	14.6%
H1,2022 Projected (P)	20.9%
H1,2022 Outlook (O)	18.3%
BPS Change : H1,2022 (O) - H1,2022 (P)	(-) 264 ↓
BPS Change : H1,2022 (O) - H1,2021 (A)	(+) 373 ↑

Scope of Report

Attribute	Details
Forecast Period	2022 to 2029
Historical Data Available for	2014 to 2021
Market Analysis	US$ Million for Value and Units for Volume
Key Regions Covered	Americas, EMEA, and Asia Pacific
Key Countries Covered	USA, Germany, France, China, Japan, South Korea, and Singapore
Key Segments Covered	By End Use, By Region
Key Companies Profiled	ASML Nikon Canon Carl Zeiss Toppan Printing NTT Advanced Technology Intel Samsung SK Hynix Toshiba TSMC Global Foundries
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

In 2023, mainland China overtook Taiwan as the largest importer of semiconductor manufacturing machinery both globally and in the Asia-Pacific region, with an import value exceeding **** billion U.S. dollars. Taiwan ranked second, with imports of semiconductor manufacturing machinery totaling more than ** billion U.S. dollars, reflecting a ** percent decrease compared to 2022. Semiconductor manufacturing equipment suppliers Companies like ASML, Applied Materials, and Lam Research dominate the semiconductor equipment market. The Dutch company ASML, in particular, plays a central role in advancing EUV (extreme ultraviolet) technology, which is essential for producing the smallest and most advanced chips. The majority of the company’s sales revenue comes from East Asia, where most of the semiconductor manufacturing takes place. In this region, Japan leads in semiconductor equipment manufacturing, with Tokyo Electron being the largest semiconductor equipment maker. Focus on innovation As demand for smaller, faster, and more powerful chips continues to rise, driven by artificial intelligence, 5G, cloud computing, and more, continuous innovation is crucial for semiconductor companies to remain competitive. Thus, research and development (R&D) has been the key focus of investment for major technological leaders in the field. For example, U.S. companies invest almost a fifth of their revenue from semiconductors in R&D, while East Asian countries also allocate a significant portion of their revenue towards R&D activities. This strategic emphasis on R&D not only strengthens the technological capabilities of these companies but also positions them to meet the rapidly evolving demands of the global market, paving the way for the next generation of semiconductor advancements.