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ASML says it sold 'absolutely nothing' in Europe in 2026

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ASML says it sold 'absolutely nothing' in Europe in 2026

As the world's only supplier of EUV lithography systems, ASML is Europe's largest company by market capitalization, currently valued at around $660 billion. But ASML earned almost nothing in Europe this year, down from 1% in 2025 and 5% in 2024. As it turns out, European chipmakers did not buy any lithography equipment from ASML in 2026. Now, ASML is calling on EU authorities to help create demand for European chips.

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"So, we are selling absolutely nothing in Europe," said Frank Heemskerk, executive vice president of public affairs at ASML, while speaking at De Balie program on Dutch television. "Because Europe is not investing and because no chip factories are being built in Europe. That is genuinely worrying. […] [Our revenue share in Europe is 0%], it used to be 1%."

Indeed, Europe accounted for 1% of ASML's revenue share in 2025, 5% in 2024, 4% in 2023, and 2% in 2022, based on the company's presentations for investors. However, in the first two quarters of 2026, Europe accounted for 0% of ASML's revenue, according to ASML's earnings reports.

"There simply is no demand here for these kinds of highly specialized machines," Heemskerk said. "That is the problem. So apart from trying to attract investment with capital on the supply side, we should do much more to create demand.


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