and SVG to be growing at the expense of Nikon and Canon. He pointed out that neither ASML nor SVG had been able to sell any machines in Japan.

Finding Ways to Work Together

He said that SVG had spent almost $1 billion dollars of its own money in the last 10 years. It has received about $50 million from the government and $25 million from SEMATECH for R&D. Most of its investment capital came from stockholders.

To conclude, he reemphasized that research is expensive. He showed a SEMATECH chart on lithography funding that showed over $900 million in annual R&D expenditures by the industry to advance lithography. “I think it’s important to realize,” he advised, “that no one, including some of our customers, has that kind of money, so we have to find a way to work together on it.”

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