Asml Holding Nv · EURONEXT:ASML
Asml Holding Nv — Investor Day (November 2022)
34 slides from Asml Holding Nv's investor day presentation, Nov 14, 2022
Slide 1: Megatrends, wafer demand and capacity plans to support future growth
Megatrends, wafer demand and capacity plans to support future growth Peter Wennink President & Chief Executive Officer Investor Day Veldhoven 1
Slide 2: Key messages
Megatrends, wafer demand and capacity plans to support future growth Key messages Global trends•While the current macro environment creates near-term uncertainties, we see longer- continue to fuelterm wafer demand and capacity showing healthy growth semiconductor•Expanding application space and indu
Slide 3: Megatrends, Wafer demand, Changes from Investor Day 2021, Capacity expansion
Megatrends Wafer demand Changes from Investor Day 2021 Capacity expansion Page 3 public
Slide 4: The world is changing fast
The world is changing fast Connected Climate change andSocial and worldresource scarcityeconomic shifts • Smarter cities, factories, homes, cars• Rising energy use• Rising population • Connecting billions of ‘things’ • Exploding energy costs• Higher medical costs • Unprecedented data volumes• Accele
Slide 5: The world is changing fast and technology can help unlock the potential
The world is changing fast and technology can help unlock thepotential ConnectedClimate change andSocial and worldresource scarcityeconomic shifts AI CloudArtificialEnergyElectrification,Working,Healthcare, infrastructureintelligencetransitionsmart mobilitylearning remotelymedical tech 5G Hyperconne
Slide 6: The connected intelligent edge delivers new and enhanced services
The connected intelligent edge delivers new and enhanced services Artificial intelligence of things Local network analytics VoiceObject Low-latency interactiveConnectedactivationclassification content Text intelligent edgerecognitionFingerprint Boundless XRbrings new enhanced services (eXtended Real
Slide 7: Energy transition will be one of the market drivers over the coming decades
Energy transition will be one of the market drivers over the coming decades Semiconductors are crucial in generation, storage, distribution, consumption of electrical energy Generation Accelerated migration to different energy mix due to environmental, scarcity and geopolitical factors1 Green energy
Slide 8: More integrated systems require both advanced and mature nodes
More integrated systems require both advanced and mature nodes An automotive integrated system has a spectrum of scalable, flexible computing solutions Actuators Domain/zone control Comms gateway Central core Smart control Compute intensive real-time actions Low latency communications System’s main
Slide 9: Countries push for technological sovereignty, fueling capex spend
Countries push for ‘technological sovereignty’, fueling capex spend CHIPS Act, European Integrated Circuit Industry Investment FABS ActCHIPS ActFund (“Big Fund”) • $52bn• $46bn• $20.7bn Phase 1 • Investment tax credits• $30.5bn Phase 2 • Tax breaks Invest Taiwan InitiativeK-Semiconductor BeltSpecifi
Slide 10: ASML ecosystem has considerable means to drive innovation
ASML ecosystem has considerable means to drive innovation 50 top technology companies in our ecosystem generated $688 billion of EBIT in 2021 In our ecosystem, EBIT has grown at 19% CAGR from 2016 to 2021 ASML Peers Semi Non-Semi Source: Bloomberg, companies’ annual reports, and ASML analysis. Note:
Slide 11: The industry has years of device innovation ahead
And it’s not stopping: the industry has years of device innovation ahead The industry is enabling technologiesin innovative and affordable ways Today’s status Advanced Logic5 nm3 nm2 nm1.x nm1 nm Logic nodes DRAM1A1B1C0A0B0C DRAM nodes NAND176L2xxL2yyL3xxL4xxL>5xxL Number of layers 20212022202320242
Slide 12: The innovation pipeline is filled to the brim
The innovation pipeline is filled to the brim 2018202020222024202620282030203220342036 N7N5N3N2A14A10A7A5A3A2 Continued dimensional scaling Metal Pitch 40282221181616-1416-1216-1216-12 [nm] Device and material innovations Metal 76665554<4<4 Tracks FinFET FinFET FinFET GAAGAA GAA GAA CFETCFET CFET Na
Slide 13: Years of DRAM: continuous improvements in design rule and bit density
30 years of DRAM: continuous improvements in design rule and bit density This carries on in the coming decade Design rule Density [nm] [Gb] 1,000 100 540 48Gb 690 nm 380 32Gb 260 100 5V 190 24Gb 140 10 (Supply voltage) 92 16Gb 80 8Gb 56 35 D1a 25 20 2Gb 18 17 10 16 1 14 D1b D1c 1Gb 1.1V D0a D0b 512M
Slide 14: The semiconductor market is expected to double in years
The semiconductor market is expected to double in 10 years Analysts’ views on 2030 market are ranging from $1.0tn to $1.3tn $1.3tn $1.3tn $1.1tn $1.0tn tn) ( $ $1.0tn sales $0.6tn Semi$0.5tn $0.4tn 2030 Sources: TechInsights, McKinsey, SEMI.org Page 14 public
Slide 15: Semi end markets expected to grow 9% through 2030
Semi end markets expected to grow 9% through 2030 All markets contributing; Datacenter, Automotive and Industrial expected to outperform Smartphone ($bn) Personal Computing ($bn) Consumer Electronics ($bn) 213 +6%+3% 125124 12131 145 144 12 13 150 153115 10116+9% 3 102100114 10115 105 11362 666 16 3
Slide 16: Megatrends, Wafer demand, Changes from Investor Day 2021, Capacity expansion
Megatrends Wafer demand Changes from Investor Day 2021 Capacity expansion Page 16 public
Slide 17: Translating to expected growth of wafer demand in all segments
Translating to expected growth of wafer demand in all segments Higher growth for advanced Logic and mature markets compared to CMD2021 Million wafer starts/monthGrowth/year* ActualsCMD 2021CMD 2022CMD 2022CMD 2021CMD 2022 20202025202520302020-20252020-2030 3.2+0.22 Advanced2.1 1.7 Logic1.0+0.13 ≤28
Slide 18: Advanced and mature nodes drive investments in wafer capacity
Advanced and mature nodes drive investments in wafer capacity ~780k wafers/month per year 2020-2030, CAGR~6.5% Wafers (million wafer/yr) 300mm equivalent Cost-effective innovations •Growing wafer demand and capacity across all market segments drives increased litho demand •Advanced Logic driven by g
Slide 19: Megatrends, Wafer demand, Changes from Investor Day 2021, Capacity expansion
Megatrends Wafer demand Changes from Investor Day 2021 Capacity expansion Page 20 public
Slide 20: We see a range of demand drivers for wafer capacity growth
We see a range of demand drivers for wafer capacity growth kwspm/yr Additional wafer Demand bucketDemand drivercapacity requiredVariables CMD 2021 2020-2025505 Market• Advanced market growth across segments45•End market segments growth rates driven growthdriven primarily by server and AR/VR.•Geopoli
Slide 21: Advanced market growing faster
Advanced market growing faster Faster node migration andmore backfill, stronger outlookongrowingservers and emergingmarkets More products moving fromMore positive outlook onEmerging applications mature to advanced Nodesthe server marketaccelerating uptake Especially in smartphone and consumerServer
Slide 22: Mature market is growing faster, driven by smart grids and automotive
Mature market is growing faster, driven by smart grids and automotive Mature grows in all segments New applications emergingCustomers support our view After being stable for years, we nowWith reducing cost, new applications andCustomers such as TSMC confirm mature see proliferation of mature applica
Slide 23: Significant increase in mask sets or products for ≥28 nm Logic nodes
Significant increase in mask sets or products for ≥ 28 nmLogicnodes DUV growth driversProducts ≥ 28 nm technology in production (300mm) Over 40% increase in products in past few years, meaning more applications Technology nodes require DUV Technology NodesArFi ArF KrF i-line 90-130 nm 65 nm 40 nmpro
Slide 24: Drive for energy efficiency requires more silicon in advanced segment
Drive for energy efficiency requires more silicon in advanced segment Larger die sizes are required to improve both energy efficiency and performance Energy efficiency requires more silicon Customers are balancing performance and power Running chips at lower voltage increases energy efficiencyAfter
Slide 25: We see a range of demand drivers for wafer capacity growth
We see a range of demand drivers for wafer capacity growth kwspm/yr Additional wafer Demand bucketDemand drivercapacity requiredVariables CMD 2021 2020-2025505 Market• Advanced market growth across segments45•End market segments growth rates driven growthdriven primarily by server and AR/VR.•Geopoli
Slide 26: Technological sovereignty and foundry competition create additional capacity
Technological sovereignty and foundry competition create additional capacity Resulting in ~10% inefficiency of the total wafer installed capacity by 2030 Capacity (million wafer/year) 300 mm equivalentCost-effective innovations ~10% inefficiency or an additional•Tech sovereignty leading to less effi
Slide 27: Customers are investing to support these demand drivers
Customers are investing to support these demand drivers Top threesemiconductor manufacturers announced plans to invest >$300 billion in global capacity TexasIrelandIsraelTaiwanKorea $12bn$20bn$10bn$100bn$40bn New MexicoTexasOhioGermanyChinaKorea $3.5bn$17bn$20bn$17bn$11bn$45bn ArizonaJapan $20bn$8bn
Slide 28: Megatrends, Wafer demand, Changes from Investor Day 2021, Capacity expansion
Megatrends Wafer demand Changes from Investor Day 2021 Capacity expansion Page 29 public
Slide 29: With strong long-term growth, we adjust our capacity to meet demand
With strong long-term growth, we adjust our capacity to meet demand Flexible growth in a volatile environment to ensure reliable performance Strong Adjust long-term growth capacity over the next 10+ years to meet demand Our industry and the ASMLInvest timely and sustainably ecosystem expect toin add
Slide 30: Capacity expansion plans and productivity roadmap
Capacity expansion plans and productivity roadmap to support semiconductor industry growth Revised capacity expansion plans DUV capacity growth tox=require the building of new production 600 systems/yearfacilities in 2025-2026Number of unitsProductivityLitho wafer capacity* • Expansion to increase A
Slide 31: Key Messages
Megatrends, wafer demand and capacity plans to support future growth Key Messages Global trends•While the current macro environment creates near-term uncertainties, we see longer- continue to fuelterm wafer demand and capacity showing healthy growth semiconductor•Expanding application space and indu
Slide 32: Placeholder video Zeiss (5 min)
Placeholder video Zeiss (5 min) Page 33 public
Slide 33: Forward Looking Statements
Forward Looking Statements This document and related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements with respect to expected trends, including trends in end markets and the technology indus
Slide 34: ASML Small Talk 2022 Investor Day Veldhoven
ASML SMALL TALK 2022 INVESTOR DAY VELDHOVEN PAGE 35