Intel and ASML Reach Major Manufacturing Milestone with One Million Wafers Processed Using High-NA EUV Equipment
Intel Corporation (NASDAQ: INTC) has achieved a significant manufacturing milestone in collaboration with ASML Holding N.V. (NASDAQ: ASML), processing over one million wafers using high numerical aperture extreme ultraviolet (High-NA EUV) lithography equipment. This advancement marks progress toward converting multi-year capital investments into commercial production yields and pricing power, contributing to an almost 10% single-day stock rally with intraday dollar volume exceeding $11 billion. The milestone comes alongside a reported 10% price increase for enterprise CPUs, signaling strong demand in a constrained computing environment. Analysts have responded by adjusting valuation models upward, though expectations remain varied, with the average 12-month target near $108 and some as high as $200. The developments reinforce investor confidence in Intel's operational turnaround and its ability to deliver on manufacturing innovation. The progress reflects a broader shift toward domestic semiconductor capabilities and aligns with growing institutional interest in Intel’s long-term roadmap, supported by insider buying activity and strong second-quarter results.
Topics: ASML CPU pricing EUV lithography Intel wafer processing