5 ms·
ASML Q4 2022 financial results
- bruce343434 4y agoOk, and? No but on a serious note, can someone give some context? Is there something special about these numbers that is newsworthy?
- hardware2win 4y agoIt comes from ASML They and TSMC are one of the hottest companies that additionally do hard engineering instead of social medias or ads
- somethoughts 4y agoAMAT (Applied Materials) would be company representing the US in this space. AMAT and ASML sell mostly complimentary semiconductor equipment to TSMC/Intel/Samsung (semiconductor manufacturers/fabs)
- ShuffleBoard 4y agoNeither AMAT nor ASML sell complimentary equipment. They sell vituperative, emotionally eviscerating, angry-at-the-world equipment. Now I think their product lines complement each other nicely on a fab floor.
- iruoy 4y agoI wouldn't call ASML's products complimentary. They are the only machines capable of EUV lithography. Without EUV, nodes smaller than 7nm wouldn't be possible. But even before EUV they were the leading manufacturer of lithography machines. They deliver to all the big players like TSMC, Samsung and Intel. They are so important/valuable that the US government is negotiating with the Dutch government to ban ASML from selling EUV machines to China.
- terafo 4y agoThey are negotiating DUV ban. EUV is banned for years now.
- m00dy 4y agoI remember bridgewater shorted ASML for big positions for no reason and then the news broke out that US government banned ASML from selling some stuff to China.
- cma 4y agoThey were already able to ban, because ASML's EUV effort partly came out of a DARPA/US-industry consortium (EUV LLC from the 1990s).
- nwiswell 4y agoThey're complimentary products because lithography isn't useful if you don't have Etch, CVD, PVD, ALD, CMP, Implant, etc.
- mitthrowaway2 4y ago> They and TSMC are one of the hottest companies that additionally do hard engineering instead of social medias or ads I really like the way you put this. Finally, a company actually worthy of being called a "technology company"!
- kryptiskt 4y agoASML has a monopoly on Extreme UV lithography machines which are needed for top end chips. So it's a pretty good picture of where investment in chip fabrication is heading.
- bdcp 4y agoASML has many eyes balls on it, due to the potential in stock prices
- fredski42 4y agoIncluding the eye balls of Biden
- capableweb 4y agoRather, ASML makes some equipment that you literally cannot get from anywhere else, and the stock price is reflecting this.
- comboy 4y agoThey may be the most important/irreplaceable company in the world.
- sct202 4y agoI suppose all the chip acts haven't really kicked in yet, so it'll be interesting to see how the regional deliveries shift. In their Presentation Investor Relations file for 2022, they have Taiwan as their #1 destination by dollar spend. Taiwan 42% South Korea 29% China 14% USA 7% Japan 4% Europe, Middle East, Africa (EMEA) 2% Rest of Asia 2%
- foota 4y agoI wasn't aware that South Korea was such a big player in the chip industry. Is this for compute or something else?
- florakel 4y agoSamsung
- deleted 4y ago[deleted]
- deepnotderp 4y agoSamsung and SK Hynix are both big consumers of lithography machines
- KptMarchewa 4y agoFor example, Samsung and Hynix are Korean companies that together have 75% of global RAM market.
- eric-hu 4y agoSamsung was a bigger foundry than TSMC until the 2010’s when Apple provided TSMC with billions in interest free loans in exchange for getting first dibs on new fab processes.
- tooltalk 4y agoSamsung's custom foundry started sometime in 2000's with Apple as their anchor client. TSMC really singlehandledly created the custom foundry industry in the late 1980's and is the largest by far. TSMC has always been the market leader -- though it had local competitors like UMC in Taiwan -- and Samsung the late comer. Samsung managed to come out with the first 14nm ahead of TSMC's 16nm in 2012 and made all Apple's A SOCs in Austin, TX, but Apple went ahead and outsourced everything to TSMC in Taiwan in their China/Taiwan-first strategy anyway; this is in spite of TSMC's higher cost and marginal performance difference.
- gallerdude 4y agoEveryone talks about the machine that makes the chips, but I’ve never heard mentioned the machine that makes the machine that makes the chips. (I guess it’s probably just a bunch of regular machines, but it feels like there’s got to be some special sauce in there somewhere)
- Fordec 4y agoThe main company there is Zeiss in Germany that makes all the high grade optics. Part of the reason ASML is Dutch is it has access to the German precision manufacturing up-stream, quite literally.
- karmasimida 4y agoASML’s laser equipment is made mainly in US by Cymer
- pa7x1 4y agoThe lasers are made by Trumpf in Germany.
- ragebol 4y agoZeiss makes parts of the ASML machines. GP comment asks what machine make the ASML/Zeiss machines. CNC machines I guess for everything besides the optics? Just a guess. And measuring equipment.
- wordoneone 4y ago[flagged]
- NicoJuicy 4y agoThe only 2 companies that i know are invaluable for this is ASML and IMEC ( Belgium)
- nwiswell 4y agoMostly these machines are assembled from a combination of proprietary parts manufactured using regular machine tools by contract manufacturers, and from sub-units purchased from specialist suppliers. For example: proprietary parts including optics, wafer chucks, process chambers, structural panels, etc are manufactured to spec by contractors. Pumps, valves, motion control boxes, wafer robots, loadports, servers, etc are all bought from suppliers. There's not really any magic. The materials used for the parts are sometimes exotic (e.g. single crystal silicon, single crystal quartz, yttria coating, PEEK, sapphire, etc), but the contract manufacturers use the same old boring machine tools that everyone does.
- nwiswell 4y agoRelated: Lam Research (another very large WFE company, #4 by revenue after AMAT, ASML, and TEL) announced a 7% layoff today.
- renewiltord 4y agoMan, the crypto + AI booms have been really good for the semiconductor industry. Everyone there is doing gangbusters: NVDA, AMD, ASML, AMAT, TSMC. The margins for these "shovel makers" are quite incredible. Good stuff. The way that's worked out for all of us is just amazing. It reminds me of when I was a kid and I'd wait for the new Intel processor to come out, excited just to read about it and dream of it. It's curious that Intel has come out of this hardware boom completely mid.
- morpheos137 4y agoDoesn't the fact all major photolithography equipment manufacturers are outside Taiwan undermine the media narrative about the strategic importance of TSMC?
- nickff 4y agoNot really; TSMC is a critical part of the production process, and has a great many trade secrets and internal tools that make it indispensable. These machines are not ‘plug-and-play’.