Saturday Feb 04, 2023

Deputy Secretary Don Graves joins Dutch Semiconductor Equipment Company ASML to Announce $200 Million Semiconductor Investment in Connecticut – US Department of Commerce

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VELDHOVEN, NETHERLANDS – Today, Deputy Secretary of Commerce Don Graves joined Peter Wennink, CEO and President of Dutch Semiconductor Equipment Manufacturer ASML, at ASML’s Veldhoven headquarters to announce ASML’s $200 million expansion of their Wilton, Connecticut facility. ASML is the latest international company to make a significant investment in American semiconductor manufacturing during the Biden-Harris administration. This announcement comes as the Bipartisan Innovation Act, legislation that would invest $52 billion in the research, development, and production of semiconductors in the United States, advances closer towards final passage before Congress.

ASML Wilton is the largest R&D and manufacturing site for ASML in the US. With over 2,000 employees and $100 million already invested in cleanrooms, labs, and offices, ASML Wilton is a vital design, engineering, and production center, developing the machines necessary to create advanced chips to meet increasing global demand. The expansion is expected to create 1,000 new jobs over the next two years.

“Since day one, the Biden administration has pledged to revitalize our domestic manufacturing economy and keep our country safe. Achieving these goals starts and ends with advanced semiconductors made right here in the United States,” said Deputy Secretary Graves. “Semiconductors power everything from our homes and cars to lifesaving military and medical technology. ASML is a valued member of the coalition of private sector companies from around the globe who are choosing the United States as their home for semiconductors, and for that, we are immensely grateful. We need to build on this momentum by getting the Bipartisan Innovation Act to the President’s Desk for signature because it is critical to our economic and national security.”

President and CEO Wennink said of the announcement, “The semiconductor industry’s growth continues apace. To meet projected demand in the years ahead ASML is investing in infrastructure and people. Our Wilton, CT office is a good example of that investment and one of several sites in the US that are fundamental to ASML’s success.”

Deputy Secretary Graves visited ASML as a part of his trip to Europe to strengthen transatlantic cooperation and engage with public and private sector partners on critical issues such as supply chain relief, emerging technologies, and export controls.

Source: https://www.commerce.gov/news/press-releases/2022/05/deputy-secretary-don-graves-joins-dutch-semiconductor-equipment-company

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