ASML Holding vs Xiaomi: Founders, CEOs and History

Company facts

Founders

CEOs and their tenures

Timeline: ASML Holding and Xiaomi side by side

1. 1984ASML Holding

   Founded as ASM Lithography in Eindhoven

   ASM Lithography starts operations on April 1, 1984 as a joint venture between Philips and ASM International, with the mandate to commercialize the PAS 2000 wafer stepper developed inside Philips.

2. 1986ASML Holding

   PAS 2500 stepper and the Carl Zeiss partnership

   ASML brings the PAS 2500 stepper to market with a new wafer alignment system developed by first chief scientist Steef Wittekoek, and establishes the optics partnership with Carl Zeiss that still supplies every ASML lithography system.

3. 1988ASML Holding

   ASM International withdraws and Philips funds a rescue

   With few customers and heavy cash consumption, ASM International decides to stop funding the joint venture while Philips launches a company-wide cost-cutting program.

4. 1991ASML Holding

   PAS 5500 platform turns the company around

   ASML launches the PAS 5500 platform, whose productivity and resolution win the first large orders from Intel and IBM under chief executive Willem Maris and take the company to profitability. PAS 5500 systems are still running in customer fabs decades later.

5. 1995ASML Holding

   IPO in Amsterdam and on Nasdaq

   ASML becomes a fully independent public company with a dual listing on the Amsterdam Stock Exchange and Nasdaq. Philips sells half of its shares at the IPO and divests the remainder over the following years.

6. 2001ASML Holding

   TWINSCAN platform launched and Silicon Valley Group acquired

   ASML introduces the TWINSCAN dual-stage architecture, which exposes one wafer while the next is measured and aligned, lifting throughput and overlay accuracy above competing systems.

7. 2003ASML Holding

   First immersion lithography system

   The TWINSCAN AT:1150i debuts as ASML's first immersion machine, projecting 193 nanometer light through a layer of ultrapure water between the lens and the wafer to raise resolution.

8. 2010ASML Holding

   First EUV prototype shipped

   ASML ships the TWINSCAN NXE:3100, its first extreme ultraviolet lithography tool, to the research facility of an Asian chipmaker.

9. 2010Xiaomi

   Xiaomi Founded

   Lei Jun and seven co-founders establish Xiaomi in Beijing and release the MIUI Android software.

10. 2011Xiaomi

    Mi 1 Launches

    Xiaomi launches its first smartphone, sold online.

11. 2012ASML Holding

    Customer Co-Investment Program with Intel, TSMC and Samsung

    Intel, TSMC and Samsung acquire newly issued ASML shares equal to an aggregate 23 percent minority stake for ~$4.35 billion (3.85 billion euros) in cash, and separately commit ~$1.56 billion (1.38 billion euros) of R&D funding over five years dedicated to EUV…

12. 2013ASML Holding

    Cymer acquisition completed and second-generation EUV shipped

    ASML completes the acquisition of Cymer, the San Diego supplier of the light sources used in its lithography systems, in a cash-and-stock deal valued at ~$2.2 billion (1.95 billion euros) when it was agreed in October 2012.

13. 2013Xiaomi

    Hugo Barra Joins From Google

    Hugo Barra left Google in 2013 to lead Xiaomi's international expansion.

14. 2014Xiaomi

    India Entry and $45B Valuation

    Xiaomi enters India and raises funding at a reported $45B valuation.

15. 2017ASML Holding

    EUV enters high-volume manufacturing

    ASML begins shipping the production-ready TWINSCAN NXE:3400B after customers started ordering the NXE:3400 generation in batches in 2016, roughly two decades after EUV research began.

16. 2018Xiaomi

    Hong Kong IPO

    Xiaomi lists on the Hong Kong Stock Exchange under stock code 1810 with a weighted voting rights structure.

17. 2019ASML Holding

    Dutch government stops EUV exports to China

    The Netherlands does not renew ASML's export licence for EUV systems to China, the start of a widening export control regime.

18. 2019Xiaomi

    Fortune Global 500 Debut

    Xiaomi entered the Fortune Global 500 for the first time in July 2019.

19. 2021Xiaomi

    EV Entry Announced

    Xiaomi announces it will build electric vehicles and sets up a dedicated EV subsidiary.

20. 2021Xiaomi

    Acquired DeepMotion

    Xiaomi acquired DeepMotion for $77 million. Autonomous-driving technology company acquired to support Xiaomi's EV program.

21. 2023ASML Holding

    First High-NA EUV system shipped

    ASML ships the first of its next-generation EUV systems with a numerical aperture of 0.55, the TWINSCAN EXE:5000, to Intel in Hillsboro, Oregon.

22. 2023Xiaomi

    HyperOS Announced

    Xiaomi announced HyperOS in October 2023 to replace MIUI across its devices.

23. 2024ASML Holding

    Christophe Fouquet becomes chief executive

    Peter Wennink and Martin van den Brink step down as presidents of ASML on April 24, 2024 and Christophe Fouquet becomes president, chief executive officer and chair of the Board of Management.

24. 2024Xiaomi

    SU7 Launch

    Xiaomi launches the SU7 electric sedan in March 2024 and begins deliveries.

25. 2025ASML Holding

    Record year, first EXE:5200B and Mistral AI investment

    ASML reports total net sales of ~$37 billion (32.7 billion euros), up 15.6 percent, net income of ~$10.8 billion (9.6 billion euros), a gross margin of 52.8 percent and 535 systems sold, and closes the year with a backlog of ~$43.8 billion (38.8 billion euros)…

26. 2025Xiaomi

    Record Year and YU7 Launch

    Xiaomi launches the YU7 SUV, delivers 411,082 vehicles, and reports FY2025 revenue of ~$63.6B (RMB457.3B).

27. 2026Xiaomi

    Memory Costs Hit Profit

    Q1 revenue falls 10.9% to ~$13.8B (RMB99.1B) and Q2 revenue falls 6.1% to ~$15.1B (RMB108.9B) as memory-chip costs squeeze margins.

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