> A great achievement of European science and technology

It's an amazing piece of technology but this is... wildly wrong. ASML is a multi-national company that licenses IP largely from USA and Japan, but also Taiwan and Germany. The actual EUV light source is developed and produced in California by Cymer, which ASML acquired in 2013. But ASML was only permitted to acquire the company under a strict technology sharing and export control agreement with the US government. Additionally, a huge portion of the photolithography research is directly developed (and owned) by US companies and research organizations such as IBM, Albany NanoTech, and SEMATECH.

There is a reason why ASML's next-generation research photolithography machine is currently being installed and developed in upstate New York, and not somewhere in the Netherlands. The same reason that Cymer is still in San Diego instead of being relocated to Europe. Because it's American technology.

But Europe certainly plays a huge role in it.

https://www.governor.ny.gov/news/governor-hochul-announces-n...

https://research.ibm.com/blog/euv-center-albany-nstc

https://www.eetimes.com/asml-sematech-team-on-manufacturing-...

https://www.eetimes.com/asml-to-build-400-million-us-researc...

EUV was developed in a joint venture with the Department of Energy and ASML, Intel, etc called EUV Corp. It’s why the US can export control it.

> Amazing looking machine!

As with most of this type of technology, most of the stuff you see is basically a giant refrigerator and giant vacuum cleaner. The actual meat is much smaller and hidden from view.

Depends on definition of machine. Do ISS, LHC or ITER count?

The lasers are made in San Diego, the lenses made in Germany.

> A great achievement of European science and technology (ducks).

It's a fantastic machine but the bulk of the achievement is clearly a joint European-American effort.

That's what makes this hard to interpret. The whole strategy of intel is that they have their own version of this machine, part of their "18A" design. The only reason they need the ASML machine is because of the "optics" (between quotes because at the frequencies they work at no optics work - only (bad) mirrors do. However you need make the mirrors accurate enough - we're talking far more accurate than the chips, as in sub-nanometer max deviation, they can function as optics with high losses, but low enough that exposure works). No American company can achieve even 10 times lower accuracy at the moment.

So is this giving up on their own version? That would mean their stock price is absolutely not justified at $110, and it should be more like $60-70 if not lower. Or is this "we have technical reasons to use this. We're still going to do 18A and it's still going to beat 2nm", which would mean their stock price is easily justified at $200 and it's high time to buy.

Basically most of the technology was US govt funded at some point. Now the Dutch can just leech off of that. I guess that’s what they’re good at considering their long history with VOC and “mercantilism”.