ASML reported that its revenue share in Europe dropped to 0% during the first two quarters of 2026. According to Frank Heemskerk, executive vice president of public affairs at ASML, the company is currently selling no equipment in the region due to a lack of local investment and new chip factory construction.
The company's historical revenue share in Europe was 2% in 2022, 4% in 2023, 5% in 2024, and 1% in 2025. ASML is now urging European authorities to stimulate demand for chips produced within the EU, suggesting that local buyers should collaborate more closely with regional manufacturers to justify new fab investments.
Despite the current lack of demand for advanced lithography scanners, several semiconductor projects are underway in Europe. Intel is investing €5 billion in its Irish facility, while the ESMC consortium is building a €15 billion fab in Dresden. Infineon also launched a €5 billion power semiconductor plant in Dresden in July 2026.
GlobalFoundries has initiated an expansion of its Fab 1 site in Dresden to increase capacity for specialty process technologies. Additionally, the company is involved in a joint project with STMicroelectronics in France, which has a reported cost of €10.4 billion.
ASML notes that none of the current European projects utilize leading-edge EUV or High-NA EUV lithography, focusing instead on mature manufacturing tools. Furthermore, many chips produced in Europe are currently shipped to other regions for packaging, limiting the strategic impact of local production.
