2023-12-31 08:15:00 ET
A new generation of semiconductors will begin cooking in 2024. Ultraviolet lithography specialist ASML Holding (NASDAQ: ASML) , a crucial provider of equipment used to manufacture chips, began shipping its latest-generation extreme ultraviolet (EUV) systems to Intel .
Intel will begin development of its 18A manufacturing process using these machines in 2024, targeting widespread commercial production by 2025.
Despite the milestone, ASML will be coming off a record year for sales and profitability in 2023. The coming year, especially the first half, could get bumpy as the company catches up on its big backlog of customer orders , and chipmakers revamp their processes for next-gen semiconductors.
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