ASML Opens New Chip Equipment Training Center in Phoenix

ASML has opened a new training center in Phoenix, Arizona, marking the company’s first U.S. training facility in about 20 years. The center, located near the Phoenix airport, is designed to train more than 1,000 engineers each year to service the company’s advanced chipmaking machines.

New Facility Supports High-Tech Equipment Training

The Phoenix center will provide training for engineers responsible for repairing and maintaining ASML’s deep ultraviolet and extreme ultraviolet chipmaking machines. Each EUV machine costs about $400 million and requires multiple 747 aircraft for delivery from the Netherlands due to its size.

ASML structured the facility to meet the needs of engineers working with these complex systems. The center includes 14 classrooms and a cleanroom and is capable of operating 24 hours a day. It is already active and training participants.

Training Available for ASML and External Engineers

The training program will support both ASML employees and engineers from other chip companies. External engineers can enroll if they are willing to pay for participation. Basic training programs run between three and six months, while more advanced repair training requires additional time.

ASML Vice President Clayton Patch stated that former U.S. Navy or Air Force personnel are strong candidates for these roles due to their experience maintaining advanced aircraft systems. The company expects the Phoenix facility to streamline training that once required international travel to Asia or Europe.

Analyst Ratings for ASML Stock

Analysts have issued a Moderate Buy rating for ASML stock based on five recent Buy ratings and two Hold ratings. The average price target of $1,047.88 per share reflects an estimated 6.3% upside potential over current levels.