Since returning back to the helm at the conglomerate, Samsung Electronics Vice Chairman Lee Jae-yong has been hard to work on key areas of concern for the company. Perhaps the most important challenge for the company is the need to secure advanced chipmaking machines that are only made by one company in the world.
Based in the Netherlands, ASML is the only manufacturer of extreme ultraviolet exposure equipment in the world. These machines are crucial for ultra-fine semiconductor processing. On his upcoming visit to Europe, Lee Jae-yong is expected to visit ASML to secure additional machines.
ASML is the only supplier of this equipment
With competition in the advanced chipmaking industry heating up, there's an incredible demand for the equipment that ASML provides. The company has an order backlog spanning several years. Since nobody else can make these same machines, it puts customers like Samsung who may want additional supplies in a spot of bother.
Samsung Electronics Vice Chairman Lee Jae-yong is reportedly set to visit Europe from June 7 – 18. During his visit, he's expected to meet with ASML executives in the Netherlands to secure ASML's EUV equipment. It's crucial for Samsung to get its hands on this equipment as the company seeks to expand its semiconductor plant in Pyeongtaek, Gyeonggi Province. Samsung will also require this equipment for the new $17 billion chipmaking plant it's building in Taylor, Texas.
Lee Jae-yong last visited ASML's headquarters in the Netherlands to discuss cooperation for equipment supply and for the development of next-generation semiconductor manufacturing technologies.
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