Full Breakdown
ASML Reports Zero European System Sales Amid EU Chip Policy Review
By Drooid · · How we work
Zero European System Sales for ASML
ASML Holding NV, the world’s sole supplier of extreme-ultraviolet lithography machines, disclosed that its net system sales to Europe were zero in the most recent quarter. He added that the company’s customers are now concentrated in Asia and North America, where governments are actively funding domestic semiconductor production.
EU Chip Policy Context
The European Union is revising its Chips Act, which entered into force in 2023 after the pandemic-induced semiconductor shortage. The Act was intended to raise Europe’s share of global chip output, but the EU’s auditing body reported last year that the bloc is unlikely to meet its target of doubling market share by 2030. The revision seeks to address the shortfall in new fab construction that underlies ASML’s zero-sales figure.
Sales Data and Revenue Composition
In the second quarter, Europe contributed 0 % of ASML’s net system sales, compared with a combined 1 % share for Europe, the Middle East and Africa in 2025. South Korea was the leading market, followed by Taiwan and China. Despite the absence of new equipment sales, ASML’s installed-base services—including field upgrades—generated roughly €2.76 billion in the quarter, representing about 30 % of total net sales. The company’s market capitalization remains roughly twice that of Roche, making it the most valuable publicly traded firm in Europe.
Implications for European Semiconductor Strategy
Heemskerk warned that Europe’s failure to invest threatens the continent’s competitiveness in the AI-driven chip era. The lack of domestic fab projects means the EU cannot leverage its own flagship equipment supplier, potentially widening the technology gap with the United States, China and India, which are courting ASML for local production. The upcoming Chips Act revision will need to stimulate substantial fab investment if Europe hopes to convert ASML’s presence into tangible manufacturing capacity.