ASML agrees to acquire Mapper assets and intends to offer continued employment to staff – ASML intends to take over the majority of mapper employees in addition to the company’s Ip

ASML announces it has agreed to acquire intellectual property assets of the Delft, Netherlands-based high-tech company Mapper. Furthermore, ASML intends to offer suitable positions to Mapper’s highly skilled employees working in research & development and product assembly.

“We have great respect for the experts at Mapper, who have shown great creativity and resourcefulness. ASML values their expertise and we look forward to welcoming them into our organization,” said ASML President and Chief Executive Officer Peter Wennink. “Even though Mapper’s E-beam application is different from ASML’s, we are confident that we can offer a satisfying new work environment at ASML where Mapper employees can continue to innovate and progress E-beam technology. Our acquisition of Mapper’s IP will support a smooth transition for them. There will also be opportunities for Mapper employees in our exciting and challenging next-generation chip-manufacturing programs called EUV and EUV High-NA. Mapper’s IP and knowledge that has been accumulated over many years will now be leveraged for further innovation in the Netherlands”.

Mapper employees were informed about the plans. The R&D employees who will join ASML will initially remain in Delft while starting to work on ASML projects.

Mapper was declared bankrupt on December 28, 2018. Financial details of the asset deal are not disclosed.

Source: https://www.asml.com/