Chip-making tools firm ASML to hire 200 staff in China as Covid restrictions ease, including sanctions compliance role
- ASML, known for its critical chip-making tools that use on Extreme Ultraviolet Lithography, is expanding its China workforce 14 per cent this year
- Sanctions from Washington could limit the Dutch firm’s trading partners in the country, but it does business with China’s largest chip maker, SMIC
ASML Holding NV is hiring more than 200 staff in China this year to keep up with growth in the country, where its chip-making tools are seen as crucial in a long-term contest with Washington for tech supremacy.
The Dutch firm, whose machines are indispensable to making advanced semiconductors, is expanding its workforce 14 per cent from about 1,400 currently. It recorded sales of 2.7 billion euros (US$2.9 billion) in the 2021 financial year, accounting for 14.5 per cent of global sales, the firm said in a statement Tuesday.
Among the jobs listed by ASML is a post looking for a Head of Export Control & Sanctions Compliance China, whose job it will be to figure out how the business should balance its legal responsibilities to local and international authorities. The company has also accused Chinese firms of stealing its intellectual property.
ASML occupies a pivotal role in the global chip supply chain, which is grappling with a systemic shortage of semiconductors that arose during the pandemic. Beside its EUV systems, it also supplies more mature technologies to help fabricate the ubiquitous chips enabling things like wireless connectivity, driving automation and smart homes.