ASML: Immersion ramp pushing tool demand in 2Q

May 23, 2006 – ASML Holding NV says it’s seeing stronger than anticipated demand for its lithography equipment in 2Q06, as customers place orders for immersion lithography tools used in an anticipated production ramp-up in 4Q06-1Q07.

ASML now projects a 40% increase in net bookings in 2Q vs. the prior quarter, when 62 lithography systems were ordered. Eric Meurice, president and CEO, noted that the company is seeing particularly strong demand for its immersion tools, with customers starting qualification on its Twinscan XT:1700i used for 65nm and 45nm production.

In light of the more positive outlook, as well as customers’ “accelerated needs,” ASML said it is raising its R&D expenses in 2Q06 to a total of 92 million euros net of credit (about US$117.5 million), an increase of about 6% (5 million euros, or $6.4 million) from previous guidance.


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