ASML to Expand China Staff 14% as Covid Disruptions Ease

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. Photo: Bloomberg

(Bloomberg) — ASML Holding NV is hiring more than 200 staff in China this year to keep up with growth in the country, where its chipmaking 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% from about 1,400 currently. It recorded sales of 2.7 billion euros ($2.9 billion) in the 2021 financial year, accounting for 14.5% of global sales, the firm said in a statement Tuesday.

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