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Micro/Nano Lithography

Peering into the future of chipmaking

Financial Times
31 December 2009

The fact ASML, which has a market capitalisation of about €10bn ($14.2bn), survived the crisis intact, is thanks in large part to an outsourcing model and financial discipline honed during the last big crisis for the semiconductor industry, when the internet bubble burst a decade ago. It is also testimony to a policy of sharing margins with suppliers, notably Carl Zeiss, the German optics company, so that the suppliers survive in times of bust as well as boom, says Peter Wennink, the group's chief financial officer.

Full story from the Financial Times