ASML, Eindhoven Tech University to invest $195 million in partnership

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AMSTERDAM : European tech giant ASML and the Eindhoven University of Technology said on Thursday they have agreed to spend a combined 180 million euros ($195 million) on semiconductor research over the coming decade.

AMSTERDAM : European tech giant ASML and the Eindhoven University of Technology said on Thursday they have agreed to spend a combined 180 million euros on semiconductor research over the coming decade.

"The collaboration will increase the availability of PhDs, which our industry has a strong need for, and will provide scientific insights that are relevant to the chip industry and society," ASML CFO Roger Dassen said in a statement announcing the deal.The university said it expects to spend 100 million euros to build and run a advanced cleanroom facility where it will conduct semiconductor related research into fields including plasma physics, mechatronics, optics and AI.

The Dutch government in March said it would spend $2.7 billion on what it dubbed"Project Beethoven" to improve roads, housing and the electric grid around Eindhoven to ensure that ASML did not follow through on a threat to move significant operations abroad. At the end of 2023 ASML, based in the Eindhoven suburb of Veldhoven, had 42,000 globally, with 23,000 of them in the Netherlands.

Source: Education Headlines (educationheadlines.net)

 

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