TSMC says it will have advanced ASML chipmaking tool in 2024

FILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu, Taiwan August 31, 2018. REUTERS/Tyrone Siu/

SANTA CLARA, Calif. (Reuters) -Taiwan Semiconductor Manufacturing Co executives said on Thursday the world's biggest chipmaker will have the next version of ASML Holding NV's most advanced chipmaking tool in 2024.

The tool called "high-NA EUV" produces beams of focused light that create the microscopic circuitry on computer chips used in phones, laptops, cars and artificial intelligence devices such as smart speakers. EUV stands for extreme ultraviolet, the wavelength of light used by ASML's most advanced machines.