ASML, Eindhoven Tech University to invest $195 million in partnership

FILE PHOTO: ASML logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration

AMSTERDAM (Reuters) - European tech giant ASML and the Eindhoven University of Technology said on Thursday they have agreed to spend a combined 180 million euros ($195 million) on semiconductor research over the coming decade.

ASML, the largest supplier of equipment used in computer chip manufacturing, has been struggling with where and how it will expand operations, and with questions over whether the workforce and other infrastructure in the Netherlands' Eindhoven region will be enough to meet its growth plans.