ASML to Ship First High-NA EUV Tool This Year: $300M per Scanner

[rwmj]

Tour of an ASML machine: https://www.youtube.com/watch?v=pfU20SAR21A

[FirmwareBurner]

Correction, that's a tour of the Cymer EUV light source facility, the secret sauce that makes ASML machines the hot shit. That light source gets integrated into the ASML stepper machines.

[Tempest1981]

Thanks. The book Chip War has a good chapter on this, but the video provides some nice (albeit quick) visualizations.

[away271828]

I was in a meeting with ASML a few months back and people were pretty much slack-jawed as they were taking us through some video and slides of their technology. It was definitely one of those "this is just science fiction" things.

[hardware2win]

This is modern equivalent of "rocket science"

[mensetmanusman]

These are about the cost of a SpaceX rocket. There are probably many >$100M mega machines for different industries:

$400M A380 $100M data centers?

Fun to classify what a single machine is defined as though.

[iancmceachern]

A TBM is only 15 million or so

[sremani]

Truly a civilizational company. Bravo!

[ptsneves]

Yet the stock drops 4%. What gives?

[traceroute66]

> Yet the stock drops 4%. What gives?

Learn to ignore short-term market movements. End of story.

Honestly, modern-markets are just nuts short term, there are so many conflicting parties seeking short-term profits.

On the professional side you've got the hedge funds, the algo traders and people like that. They pretty much trade fully automated, so if their algorithm decided to sell ASML on the news after their text analysis of the RNS or whatever then that's what happens.

Then on the retail side you've got lots of places where you can go punt with leveraged trades (CFDs and spread bets). If you're A-book retail the broker will like-for-like replicate what you're doing on the market. If you're B-book retail (most people !) then your broker will take a position on the market based upon their net view and their appetite for risk.

In addition to the above, the final piece of the puzzle is that moves in "hot" stocks are always amplified due to the sheer volume. Nobody (should !) blink twice if a FAANG drops 4% in a day and its sort of the same thing with ASML.

[idopmstuff]

Likely the same thing that's caused Apple's stock to drop significantly yesterday and today - China has banned iPhones for government officials at work.

While that in and of itself isn't a huge problem, the broader concern is that this is part of a government effort to push homegrown phones (and chips). That's compounded by the fact that Huawei just revealed a phone with a 7nm chip, which is technology they weren't expected to have.

If the Chinese population moves to Chinese-made phones with Chinese-made chips, it'll certainly have a negative impact on ASML.

[JumpCrisscross]

> What gives?

Apple stock is down, ostensibly on China’s iPhone curbs [1]. This appears to have carried through to TSMC stock, which might explain ASML’s movement. (Whatever replaces those unsold iPhones presumably won’t use chips built with ASML’s machines.)

[1] https://www.bloomberg.com/news/articles/2023-09-07/apple-poi...

[Cthulhu_]

A stock figure is a completely separate entity from a company; trying to predict what it'll do is futile / a gamble.

[colechristensen]

Short term gains on positive news are based on surprise, this apparently is not at all unexpected. On top of that there’s some Apple China news.

[sadhorse]

The trading bots probably think the retail price should be a little higher. It doesn't mean anything.

[drexlspivey]

That's not really any big news, they are on track with their schedule which was public info.

[elvircrn]

The market can remain irrational longer than you can stay solvent.

[sylware]

I wonder how many GHz we will get from high performance 64bits risc-v multi-core µArch with those tools.

[wmf]

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