Intel received the world’s first high NA EUV (TWINSCAN EXE:5200) from ASML recently.
The purchase order was made in Jan 2022 – so it took some 2 years.
The machine is said to be 2x as expensive, or $350mn (or more). ASML says it has taken between 10 and 20 orders to date.
If TSMC was to take 10 machines, it will cost $3.5-4bn, or some 13% of its $28-32bn capex target for 2024.
If Intel to budget 35% of its revenue as capex, (say $60bn), it would be ~$21bn, 10 high-NA machines would be 17-19% of that capex budget.
To justify the cost of machine, high-NA “enables building transistors that are about 1.7 times smaller than today, resulting in almost triple the transistor density“. So if density is almost 3x, and assume price per wafer is up by ~45%, then cost per transistor could be halved.
Meanwhile, ASML said 2024 revenue guidance is similar to 2023, which was EUR27.56 billion.