ASML Holding N.V. (ASMLF)

Seeking edge over rivals, Intel first to assemble ASML's next-gen chip tool

Intel said on Thursday it had become the first company to assemble one of Dutch tech group ASML's new "High NA EUV" lithography tools, an important part of the U.S. computer chip maker's drive to outshine rivals. Intel was the first company to buy one of the 350 million euro ($373 million) machines made by top chip equipment supplier ASML. "We agreed to the pricing when we committed to the tools and we would not have done that if we were not confident there were cost-effective uses for it," Intel's director of lithography Mark Phillips said in a briefing with journalists.