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Technology Stocks : ASML Holding NV
ASML 1,413-1.1%Feb 10 3:59 PM EST

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To: Cary Salsberg who wrote (934)6/21/2004 9:09:47 AM
From: Proud_Infidel  Read Replies (1) of 43442
 
ASML hopes for new customers in Japan
Monday June 21, 8:44 am ET

AMSTERDAM, June 21 (Reuters) - Dutch chip equipment maker ASML (Amsterdam:ASML.AS - News; NasdaqNM:ASML - News) said on Monday it could increase the number of customers in Japan from the current three, adding it would raise staff there if business went well.

"We're hoping to increase our business in Japan. We could win new customers and also expand with current clients," a spokeswoman said.

ASML's investor relations officials told Swiss investors last week that the Dutch firm might expand staffing levels in Japan.

ASML is the world's largest maker of semiconductor lithography machines which map out electronic circuits on silicon wafers. It competes with Japan's Nikon Corp (Tokyo:7731.T - News) and Canon Inc (Tokyo:7751.T - News).

Japanese customers buy most of their chip lithography gear from Nikon and Canon, and despite being the industry's market leader ASML's business there is still small.

Seiko Epson (Tokyo:6724.T - News) and Fuji (Tokyo:6504.T - News), plus an indisclosed third chip maker are ASML's Japanese customers at the moment.

"We employ 80 people in Japan now. That number could go to 400 over the next two years. That's a best case scenario. We could be hiring if there is the business to support it," the spokeswoman said.

ASML's customers include the world's largest chip maker Intel Corp (NasdaqNM:INTC - News) and Taiwan Semiconductor Manufacturing (Taiwan:2330.TW - News), the world's largest contract chip maker.

ASML is pioneering a new technology, which uses water between the lens and the silicon wafer, allowing chip makers to produce smaller and cheaper chips on the current generation of machines. ASML analysts estimate the firm is well ahead of its Japanese rivals with this so-called immersion technology.
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