The Eindhoven University of Technology and the European tech giant ASML officials announced that they had decided to commit a total of 180 million euros ($195 million) to semiconductor research over the next ten years.

The biggest provider of machinery for the computer chip industry, ASML, has been having trouble deciding where and how to extend its operations. It is also unsure if workers and other resources in the Eindhoven region of the Netherlands would be sufficient to support its expansion goals.

The university representative stated that it plans to invest 100 million euros in the construction and operation of a state-of-the-art clean room facility where it will carry out research on semiconductors in areas such as plasma physics, mechatronics, optics and Artificial Intelligence. Robert-Jan Smits, president of the university, claims that the collaboration is the largest that the institution has ever had and that it would enhance Eindhoven’s reputation as a “semicon hotspot.”

In March, Dutch government officials announced that they would invest $2.7 billion in “Project Beethoven,” which would upgrade the housing stock, roads and electrical infrastructure surrounding Eindhoven. The goal of the project was to deter ASML from carrying out its threat to relocate major operations elsewhere.

A letter of intent for an expansion on an undeveloped area close to the city’s airport, big enough to accommodate 20,000 more workers, was signed between ASML and the city of Eindhoven in April. By 2023, ASML, which is headquartered in the Veldhoven suburb of Eindhoven, employed 42,000 people worldwide, with 23,000 of those being in the Netherlands. The business projects that its yearly revenues will reach 44–60 billion euros by 2030, nearly tripling from 26.7 billion euros in 2023.

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