A new generation of semiconductors will begin cooking in 2024. Ultraviolet lithography specialist ASML Holding (NASDAQ: ASML), a crucial provider of equipment used to manufacture chips, began shipping its latest-generation extreme ultraviolet (EUV) systems to .

Intel will begin development of its 18A manufacturing process using these machines in 2024, targeting widespread commercial production by 2025.

Despite the milestone, ASML will be coming off a record year for sales and profitability in 2023. The coming year, especially the first half, could get bumpy as the company catches up on its big backlog of customer orders, and chipmakers revamp their processes for next-gen semiconductors.

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Source Fool.com