ASML boosts manufacturing capacity to 350 systems and expands logistics and design operations in the Netherlands; expansion geared to meet strong demand and increase market share.VELDHOVEN, The Netherlands--(BUSINESS WIRE)--April 15, 1997--ASM Lithography (ASML ASML Abstract State Machine Language ASML Anisotropic Shielded Microstrip Line ), a world leader in microlithography systems used in fabricating semiconductor devices, today announced completion of a major expansion at its global headquarters that immediately increases manufacturing capacity to more than 350 systems per year. The new premises offers the potential to increase the manufacturing capacity to a level of 450 steppers per year, within a timeframe of six months. In addition, ASML's logistics capabilities have been significantly expanded to meet growing global demand for its products and its increase in market share. "This move paves the way for us to remain on our growth curve of the past five years, which has seen ASML's revenues increase between 45 percent and 60 percent per year," said Willem Maris Willem Maris (February 18, 1844, The Hague - October 10, 1910, The Hague) was a Dutch landscape painter. He got his first lessons in drawing from his brothers Jacob and Matthijs Maris. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ASML. "While this expansion increases our ability to produce and sell more steppers, we also have gained space to add R&D personnel and to expand our activities in developing next-generation products." ASML's new manufacturing building houses 52,000 square feet of Class 10,000 manufacturing space; a 70,000-square-foot global logistics center, including stepper step·per n. 1. One that steps, especially in a fast or spirited manner. 2. Informal A dancer. Noun 1. delivery and customer support operations and 37,500 square feet of office space. ASM (1) (Association for Systems Management) An international membership organization based in Cleveland, Ohio. Founded in 1947 and disbanded in 1996, it sponsored conferences in all phases of administrative systems and management. Lithography (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ASMLF, Amsterdam Stock Exchange
The Amsterdam Stock Exchange is the former name for the stock exchange based in Amsterdam. :ASML) is a world leader in photolithography with an installed base of more than 800 systems at customer sites around the world. The company, ranked the world's sixth-largest supplier of semiconductor manufacturing equipment by the market research firm Dataquest, had 1996 revenues of $770 million. ASML is headquartered in Veldhoven, The Netherlands, with a U.S. operations center in Tempe, Ariz., and regional sales and service facilities in Korea, Taiwan, Japan, Singapore and Thailand. CONTACT: ASM Lithography Willem D. Maris, +31-40-230-3306 Gerard S. Verdonschot, +31-40-230-3304 |
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