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S. Korea, ASML vow to boost cooperation in semiconductor sector

All News 15:57 November 18, 2021

SEOUL, Nov. 18 (Yonhap) -- South Korea and ASML Holding N.V., the world's leading photolithography equipment maker, agreed Thursday to enhance cooperation for resilient supply chains of semiconductors and other key materials and equipment, Seoul's industry ministry said.

The consensus was reached during a meeting between Industry Minister Moon Sung-wook and ASML CEO Peter Wennink at the firm's local headquarters in the city of Hwaseong, some 40 kilometers south of Seoul.

"I expect ASML and South Korean companies to work closely further to ensure the stable supply of materials and components for high-tech equipment," Moon told Wennink, vowing to extend active support for the company's cluster establishment project.

This photo, provided by South Korea's Ministry of Trade, Industry and Energy, shows Industry Minister Moon Sung-wook (R) posing for a photo with Peter Wennink, CEO of ASML Holding N.V., in the city of Hwaseong, south of Seoul, on Nov. 18, 2021. (PHOTO NOT FOR SALE) (Yonhap)

In May, ASML announced its plan to invest 240 billion won (US$212 million) in establishing a high-tech cluster for extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography equipment in Hwaseong by 2025, which will include manufacturing plants and training centers.

The equipment is crucial for making semiconductors, and ASML holds a monopoly in the world in supplying EUV lithography equipment.

The ASML chief said he hoped for continuing good relations with the Korean government and contributing to the development of the country's chip industry, the ministry said.

This file photo, provided by Samsung Electronics on Oct. 13, 2020, shows Vice Chairman Lee Jae-yong (2nd from R) looking at extreme ultraviolet (EUV) equipment essential for producing chips during his visit to the headquarters of ASML Holding N.V., the world's leading photolithography equipment maker, in Eindhoven, the Netherlands. (PHOTO NOT FOR SALE) (Yonhap)


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