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Technology Stocks : ASML Holding NV
ASML 802.72+1.4%Dec 1 3:59 PM EST

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Tobias Ekman
From: BeenRetired4/7/2021 8:38:23 AM
1 Recommendation   of 19241
 
AMAT CC: "every industry is being accelerated in the current environment"...

And,...
Once you go EUV you never go back.
Chips have never seen an inflection point like 3nm SuperFin GAA.
And,...
It will be JUST the start.

ASML

Gary Dickerson -- President and Chief Executive Officer

Yeah. Let me -- so I do think that everyone can see that, relative to economic growth and employment growth, going forward, it's going to look different. And the digital transformation of every industry is being accelerated in the current environment that we're in. So this is very strategic from -- again, from an economic and employment growth perspective.

From Applied's perspective, we have been engaged with customers and also government initiatives around investments in different locations. And what I would say from Applied's perspective, there are a couple of things to think about. One is, as these companies are moving into new locations, you have to look at the scale of the factories that they're building and -- at least what's been announced is smaller scale, somewhat less efficient. Now supply demand eventually works itself out, but that somewhat less efficient factory size is a positive for Applied.

And the other thing, what we've seen in every case where a company is moving from one geographic location where they have tremendous amount of talent concentration and experience that that creates an opportunity for our service business as they move into a new location. So I think both of those things, the factory efficiency and the service business, our service agreements are much higher also in those cases. That creates an opportunity for us. This can play out over time.

But certainly, I think from a strategic perspective, we can all see that the pull there is very strong.
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