# Intel's EUV Bet Shifted Value to ASML and TSMC

> Intel's $200m EUV investment boosted ASML and TSMC, not Intel.
- Title: Intel's EUV Bet Shifted Value to ASML and TSMC · BigGo Finance
- Summary: Intel's $200m EUV investment boosted ASML and TSMC, not Intel. Intel's $200 million EUV bet paid off for ASML and TSMC in semiconductor production, not Intel.
- Keywords: intel, asml, tsmc, euv lithography, semiconductor, advanced packaging, cofos, hbm, finance, markets, Intel's, EUV
- Source: BigGo Finance — https://finance.biggo.com/news/f6021721-ea46-4577-847e-68fe4d33346e
- Author: BigGo Finance
- Published: 2026-10-19T06:25:21+00:00
- Read time: 1 min
- Topics: intel, asml, tsmc, euv lithography, semiconductor, advanced packaging, cofos, hbm, finance, markets
## Intel's 1990s EUV gamble
In the early 1990s, Intel took a $200 million gamble on EUV lithography after John Carruthers recommended it.
## Intel formed EUV consortium
Intel formed a public-private consortium with U.S. labs, Motorola, and AMD in 1997 to develop EUV technology.
## U.S. blocked Japanese equipment makers
The U.S. government blocked cooperation with Japanese equipment makers after Japanese companies gained semiconductor dominance.
## ASML became EUV monopoly
ASML, a Dutch company, became the sole EUV lithography supplier after acquiring Silicon Valley Group in 2001.
## TSMC and Samsung led EUV adoption
South Korea's Samsung Electronics and Taiwan's TSMC became the first to use EUV for mass production.
## Current advanced packaging race
TSMC plans $60 billion capital expenditure this year with 10-20% for advanced packaging and photomask production.
## SK Hynix and Micron expand HBM
SK Hynix and Micron are building HBM advanced packaging facilities targeting mass production by late 2029.
## Advanced packaging market growth
The global advanced packaging market will more than double from $55 billion in 2025 to $120 billion by 2031.
## Value shifts to first adopters
The lesson is that the value of a technology shifts to whoever applies it to mass production first.
## Key takeaway

Intel's $200 million EUV bet paid off for ASML and TSMC in semiconductor production, not Intel.