Clarification on SMIC volume purchase agreement
March 03 2021 - 10:30AM
Clarification on SMIC volume purchasing
agreement
VELDHOVEN, the Netherlands, March 3, 2021 – A disclosure
has been made by SMIC under Hong Kong listing rules regarding a
Volume Purchase Agreement (VPA) with ASML. This relates to an
existing agreement for DUV lithography that was already entered
into on January 1, 2018 and that would run originally until
December 31, 2020 and which was extended on February 1, 2021 to be
valid until end December 2021.
The total amount of purchase orders under the VPA was completed
in the past 12 months’ period from March 16, 2020 until March 2,
2021 – to an aggregate amount of $1.2 billion. The VPA,
including its extension, is not a material event for ASML. We
understand that the transactions contemplated under the VPA
constitute disclosable events for SMIC under the Hong Kong Listing
Rules.
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About ASMLASML is one of the world’s leading
manufacturers of chip-making equipment. Our vision is a world in
which semiconductor technology is everywhere and helps to tackle
society’s toughest challenges. We contribute to this goal by
creating products and services that let chipmakers define the
patterns that integrated circuits are made of. We continuously
raise the capabilities of our products, enabling our customers to
increase the value and reduce the cost of chips. By helping to make
chips cheaper and more powerful, we help to make semiconductor
technology more attractive for a larger range of products and
services, which in turn enables progress in fields such as
healthcare, energy, mobility and entertainment. ASML is a
multinational company with offices in more than 60 cities in 16
countries, headquartered in Veldhoven, the Netherlands. We employ
more than 28,000 people on payroll and flexible contracts
(expressed in full time equivalents). ASML is traded on Euronext
Amsterdam and NASDAQ under the symbol ASML. More information about
ASML, our products and technology, and career opportunities is
available on www.asml.com.
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