Record year for ASML
ASML, the computer chip making lithography equipment manufacturer with a facility in Wilton, continued its double-digit growth year-over-year in 2017, and expects to continue on this path through 2018.
The Netherlands headquarters reported record sales of EUR 9.05 billion for the year, with net income at EUR 2.1 billion.
Of note, its growth in Wilton means new construction will occur in 2018 to update its facility and better accommodate its growing population. Currently, the office has 92 openings, with hundreds more in the pipeline for experienced and new professionals, a company spokeswoman said.
ASML President and Chief Executive Officer Peter Wennink issued the following statement:
"ASML generated record sales and net income in 2017, helped by a strong fourth quarter. Due to industry strength, some customers requested earlier shipments of their lithography systems, which we were able to accommodate. Earlier-than-expected revenue recognition of two Extreme Ultraviolet (EUV) systems contributed to the strong performance in the fourth quarter as well. With EUV sales crossing the 1.1-billion euro mark, 2017 was the year in which preparations for inserting EUV into high-volume chip manufacturing shifted into a higher gear. This is underlined by orders for 10 more EUV systems in the fourth quarter."