ASML grants staff €20,000 in shares each | AI windfall, but you must stay until 2030 to collect
TL;DR
Lithography leader ASML will grant each of its ~45,000 staff €20,000 in shares — nearly €900M total — vesting only if they stay until 2030.
Lithography leader ASML will grant each of its roughly 45,000 global employees a share award worth €20,000 — a one-time total of nearly €900 million. It's the latest AI-boom beneficiary handing money back to staff.
ASML announced the plan in a company-wide email, with shares to be granted on January 1 next year. There's a catch: employees must stay until January 1, 2030 for the shares to vest and become sellable, and the rest of the terms are still being finalized.
The money comes straight from the earnings. ASML's second-quarter net sales were €9.326 billion, up 21% year-over-year, with net profit of €2.918 billion and a 54% gross margin. AI-infrastructure spending has pushed chip demand — and results — higher; the company raised its sales outlook for the second time this year.
Samsung Electronics, SK Hynix and TSMC have all handed out staff bonuses. As the AI build-out delivers huge gains, the chip companies benefiting most are under pressure to share more of the profit with employees.
The condition for that €20,000: stick around another four and a half years.
via DutchNews.nl / Bloomberg / HK01
ASML announced the plan in a company-wide email, with shares to be granted on January 1 next year. There's a catch: employees must stay until January 1, 2030 for the shares to vest and become sellable, and the rest of the terms are still being finalized.
The money comes straight from the earnings. ASML's second-quarter net sales were €9.326 billion, up 21% year-over-year, with net profit of €2.918 billion and a 54% gross margin. AI-infrastructure spending has pushed chip demand — and results — higher; the company raised its sales outlook for the second time this year.
Samsung Electronics, SK Hynix and TSMC have all handed out staff bonuses. As the AI build-out delivers huge gains, the chip companies benefiting most are under pressure to share more of the profit with employees.
The condition for that €20,000: stick around another four and a half years.
via DutchNews.nl / Bloomberg / HK01
