Key Findings
- Economic: ASML reports €99.46 million in 2025 revenue attributed to the Israel tax jurisdiction, alongside 68 FTE employees and €33.93 million in tangible assets; these are jurisdiction-level figures, not entity-specific results for ASML Israel (2001) Ltd.1
- Political: ASML has a wholly owned Israeli subsidiary, offices in Kiryat Gat and Migdal Ha’emek, and Israel-based customer-support activity for unnamed semiconductor customers.2, 3
- Digital: ASML coordinates EU semiconductor R&D consortia that include Israeli private-sector participants; the records do not identify an Israeli state, military, intelligence, settlement, or surveillance beneficiary.4, 5
- Not found: No public evidence identified of ASML contracts, equipment supply, services, or other attributable relationships with Israeli military, security, settlement, or occupied-territory beneficiaries.6, 7
Target Profile
| Field | Detail |
|---|---|
| Company Name | ASML Holding N.V. |
| Jurisdiction | Netherlands |
| Headquarters | Veldhoven, Netherlands |
| Sector | Semiconductor-manufacturing equipment, software, and services |
| Ownership | Public company listed on Euronext Amsterdam and Nasdaq (ASML). Disclosed major holders as of 18 February 2026: BlackRock, Inc. (6.83%) and Capital Research and Management Company (5.09%); no disclosed shareholder reached 10%.8 |
| Key Executives / Governance | Board of Management: Christophe Fouquet, Roger Dassen, Frédéric Schneider-Maunoury, Wayne Allan, Jim Koonmen, and Marco Pieters. Supervisory Board chair: Nils Andersen; other members include Terri Kelly, Birgit Conix, Mark Durcan, Warren East, Karien van Gennip, Jack de Kreij, Benjamin Loh, and An Steegen.9, 10 |
| Israeli-Nexus Summary | ASML has a wholly owned Israeli subsidiary, listed offices and customer-support operations, and reported Israel-jurisdiction revenue, but the reviewed record does not establish military, security, settlement, or occupied-territory activity.1, 2, 6 |
Key Facts:
- ASML Israel (2001) Ltd. is listed as a directly or indirectly wholly owned ASML subsidiary, incorporated in Israel and associated with Kiryat Gat.2
- ASML also reports a Cymer B.V. permanent establishment in the Israel tax jurisdiction.1
- ASML’s filings describe only a limited portion of its suppliers, customers, and support teams as based in Israel; counterparties and end uses are not publicly identified.6
Executive Summary
ASML develops and supplies lithography, metrology, inspection, software, and related services used by chipmakers to manufacture microchips.6, 11 Its documented Israel nexus is commercial semiconductor-sector activity: ASML Israel (2001) Ltd.; offices in Kiryat Gat and Migdal Ha’emek; Israel-based support personnel; and aggregate supplier, customer, and support-team presence in Israel.2, 3, 6 Customer-support material states that engineers in Israel install, maintain, and improve lithography machines at unnamed customer sites.3
The strongest verified economic evidence is ASML’s public country-by-country reporting. For 2025, it attributes €99.46 million in total revenue, €2.49 million profit before income tax, 68 FTE employees, €33.93 million in tangible assets, and €0.75 million in cash income tax paid to the Israel tax jurisdiction.1 These figures establish measurable reported economic activity, but do not separately identify ASML Israel (2001) Ltd.’s revenue, customers, contracts, services, assets, or tax flows.1
The record also establishes multilateral EU research participation involving Israeli private-sector semiconductor firms. ASML Netherlands B.V. coordinates the 14AMI and 14ACMOS projects, whose participants include Israeli companies and whose documented subject matter is semiconductor technology; 14AMI includes an AI-based vacuum-chamber-efficiency sensor.4, 5 Neither project record identifies an Israeli government, military, intelligence, security, settlement, cloud, surveillance, or targeting customer, and neither establishes a bilateral Israeli procurement or defence relationship.4, 5
No public evidence identified, within the bounded reviewed materials, of ASML contracts or services for the IDF, Israeli Ministry of Defense, Israeli security agencies, police, prisons, settlement authorities, Israeli defence primes, or facilities in the West Bank, East Jerusalem, the occupied Syrian Golan, or Israeli settlements.6, 7 Nor does the evidence establish that reported or potential commercial semiconductor activity - including a reported ASML equipment order connected with Intel’s Kiryat Gat expansion - served a military end user or a weapons programme.12, 13
The fixed, human-vetted V6.5 result is BRS 382, Tier D (Moderate Complicity). It reflects documented commercial integration and Israel-jurisdiction economic activity, while retaining zero scores for military and digital domains because the audit record did not verify the requisite military, security, surveillance, or state-technology nexus.
Timeline of Relevant Events
| Date | Event |
|---|---|
| 13 February 2013 | Israeli Competition Authority merger material described ASML as active in Israel through ASML Israel (2001) Ltd.14 |
| January 2022 | ASML announced a High-NA collaboration and purchase order with Intel Corporation; the announcement does not establish a contract with Intel Israel or an Israeli state body.15 |
| 26 December 2023 | Globes reported that special ASML machines had been ordered for Intel’s planned Kiryat Gat expansion. This is a reported commercial lead, not a primary ASML–Intel Israel contract or delivery record.12 |
| 2025 | ASML reported €99.46 million revenue attributed to the Israel tax jurisdiction, 68 FTE employees, and €33.93 million tangible assets.1 |
| 18 February 2026 | ASML’s shareholder disclosure reported BlackRock at 6.83% and CRMC at 5.09%; no disclosed holder reached 10%.8 |
| 22 April 2026 | ASML’s AGM appointed Marco Pieters to the Board of Management and recorded specified Supervisory Board changes.16 |
| 2026 | ASML’s subsidiary exhibit continued to list ASML Israel (2001) Ltd. as an Israeli subsidiary located in Kiryat Gat.2 |
Corporate Overview
ASML Holding N.V. is a Netherlands-incorporated holding company with principal executive offices in Veldhoven. It operates through consolidated subsidiaries and uses a two-tier governance structure: a Board of Management manages the company and a Supervisory Board supervises it.6, 9, 10
The company was founded in 1984 through Philips and ASM International to develop lithography systems. ASM International later sold its ASML share, and ASML became a fully independent public company in 1995; the reviewed current ownership disclosures do not identify either founding entity as a controlling shareholder.17, 8
ASML’s disclosed Israeli footprint consists of ASML Israel (2001) Ltd., listed as a wholly owned group subsidiary; offices at Mevo Sivan Street 1, Kiryat Gat, and Ramat Gabriel Industry Area 5, Migdal Ha’emek; and a reported Cymer B.V. permanent establishment in the Israel tax jurisdiction.2, 3, 1 The public materials characterize the Israeli locations as customer-support locations. They do not identify customers, employee counts, installed base, revenues, contract values, entity-level functions, or whether the Migdal Ha’emek office is operated by ASML Israel, Cymer, another group entity, or a customer-site arrangement.1, 2, 3
No public evidence identified of an ASML-owned Israeli semiconductor fab, manufacturing factory, R&D centre, data centre, logistics hub, settlement operation, Israeli government contract, or customer-specific Israeli equipment agreement.1, 2, 6
Domain Summaries
Military: Military
Mechanism of Involvement
No public evidence identified of a contract, tender, procurement award, memorandum, direct equipment supply, maintenance relationship, technology transfer, co-production arrangement, or joint development relationship between ASML or ASML Israel and the Israeli Ministry of Defense, IDF, police, prisons, Border Police, Israeli intelligence agencies, or an Israeli defence prime.6, 7, 18
ASML’s products are described as semiconductor-manufacturing systems and related services, not disclosed tactical, weapons-specific, targeting, fire-control, munitions, radar, guidance, surveillance, or military-specification products.6, 11 Its filing describes general export-control compliance, but does not disclose an Israel-specific export licence, security end-user certificate, enforcement action, or military end use.6
Counter-Arguments and Evidence Limits
ASML’s strongest defence is that the documented Israel activity is civilian semiconductor support. The company’s disclosed customer-support activity concerns installation, maintenance, and improvement of lithography machines at unnamed customer sites, without identified military or security beneficiaries.3 A reported Intel Kiryat Gat equipment order does not establish a sale to an Israeli military end user, downstream military use of chips, or ASML involvement in a weapons programme.12, 13
The absence findings are bounded rather than universal clearance. For example, the absence of ASML from a particular IMOD procurement page or a particular SIBAT exhibition catalogue is page- or catalogue-specific, and unnamed customers prevent full end-user mapping.18, 19
Named Entities and Evidence Map
- ASML Israel (2001) Ltd.: Israeli wholly owned subsidiary; public filings do not identify defence customers or end users.2
- Intel Kiryat Gat: commercial manufacturing facility; reporting concerning an alleged ASML order is not primary evidence of an Israeli military nexus.12, 13
- IAI, Rafael, Elbit: reviewed programme and sector materials did not identify ASML in the cited Arrow-3 or Iron Dome production arrangements.20, 21
Digital: Digital
Mechanism of Involvement
No public evidence identified that ASML provides Israeli state or security bodies with surveillance, biometrics, facial recognition, offensive cyber, exploit tools, cloud services, sovereign-cloud services, data-residency services, autonomous targeting, automated threat detection, or intelligence technology.6, 22
ASML’s general support materials describe global diagnostic and maintenance systems, including customer production information, performance-monitoring software, a best-practices database, and a customer portal. The reviewed materials do not establish Israeli hosting, Israeli data processing, Israeli access, or a state-security function for those systems.23
ASML coordinates the EU 14AMI and 14ACMOS semiconductor R&D consortia. Both include Israeli private-sector participants; 14AMI includes work on an AI-based vacuum-chamber-efficiency sensor.4, 5 The records establish multilateral semiconductor R&D, not military, surveillance, cloud, intelligence, or targeting deployment.4, 5
Counter-Arguments and Evidence Limits
The strongest defence is that the identified digital-adjacent activity concerns semiconductor R&D and machine-support processes rather than a digital-security product or state deployment.4, 5, 23 The audit did not identify an ASML Project Nimbus role, Israeli data-centre operation, Israeli-origin enterprise-software deployment, or a named Israeli surveillance or cyber vendor relationship.22
These findings remain source-scoped: undisclosed systems, data routing, or private contractual arrangements are not affirmatively ruled out by public-record non-identification.22, 23
Named Entities and Evidence Map
- 14AMI: ASML Netherlands B.V.-coordinated EU project with Israeli private-sector participants; semiconductor R&D and an AI-based efficiency sensor are documented.4
- 14ACMOS: ASML Netherlands B.V.-coordinated EU semiconductor R&D consortium with Israeli private-sector participants.5
- ASML Israeli offices: publicly identified as support locations, not as data centres, surveillance operations, or sovereign-cloud sites.3
Economic: Economic
Mechanism of Involvement
ASML reports a direct, measurable commercial presence in Israel. Its 2025 public country-by-country report attributes €99.46 million in revenue to the Israel tax jurisdiction: €65.42 million unrelated-party and €34.04 million related-party revenue. The same report attributes €2.49 million profit before income tax, €0.75 million cash income tax paid, €0.66 million current-year income tax accrued, 68 FTE employees, and €33.93 million tangible assets.1
ASML has two listed Israeli offices and a wholly owned Israeli subsidiary; it reports a limited portion of suppliers, customers, and support teams in Israel.2, 3, 6 Its engineers perform installation, maintenance, and improvement work at unnamed customer sites.3 This establishes ordinary commercial and service integration in Israel’s semiconductor economy.
Counter-Arguments and Evidence Limits
The disclosed economic figures are jurisdiction-level tax-reporting figures, not results attributed specifically to ASML Israel (2001) Ltd.; they do not identify customer names, contracts, physical deployments, profit repatriation, service volume, or ultimate end uses.1 ASML characterizes its Israeli supplier, customer, and support footprint as limited.6
Intel’s stated plan to use EUV lithography at a Kiryat Gat expansion and the presence of an ASML office nearby do not independently establish ASML as supplier, installer, service provider, or contractor for Fab 38.13, 24 Similarly, Tower Semiconductor’s Migdal Ha’emek facilities and reference to a 193nm scanner do not identify ASML as its vendor.25
No public evidence identified of agricultural sourcing, Israeli consumer-goods sourcing, Israel Bonds, sovereign financing, settlement-project finance, settlement-linked supply relationships, or Israeli state or military lending by ASML.1, 6
Named Entities and Evidence Map
- ASML Israel (2001) Ltd.: wholly owned Israeli subsidiary and constituent entity in group reporting.2, 1
- Cymer B.V. - Netherlands PE: reported in the Israel tax jurisdiction; activity and location are not publicly specified.1
- Intel Kiryat Gat / Tower Semiconductor: relevant semiconductor-sector context, but no verified ASML customer-specific contract was established.13, 25
Political: Political
Mechanism of Involvement
ASML’s political-relevance score reflects visible, ongoing ordinary commercial presence rather than verified political advocacy, state partnership, or settlement involvement. ASML’s filings acknowledge limited Israel-based suppliers, customers, and support teams; its offices and wholly owned Israeli subsidiary are publicly disclosed.2, 3, 6 The company frames regional violence and tensions as business-continuity and customer-service risks, rather than publishing a stated political or humanitarian position on Israel-Palestine.6
ASML is registered in European, U.S., and German lobbying registers and states that it does not make political contributions. Its stated advocacy concerns semiconductor-sector market access, governmental stakeholders, policy development, R&D incentives, and related business objectives.26
Counter-Arguments and Evidence Limits
No public evidence identified of Israel-Palestine lobbying, anti-BDS advocacy, corporate political contributions related to Israel or Palestine, IDF or military-welfare support, support for settlement organizations, Israeli state honours, “Brand Israel” campaigns, or political partnership with the Israeli government.26, 6
No public evidence identified of ASML operations, service activity, contracts, resellers, customers, equipment deployments, or revenue-generating sites in the West Bank, East Jerusalem, the occupied Syrian Golan, or Israeli settlements.3, 6 Document-scoped checks did not identify ASML in the reviewed OHCHR settlement-related materials, but this does not establish absence from every historical database, report, or record.27, 28
Named Entities and Evidence Map
- ASML Israel (2001) Ltd.: establishes a disclosed corporate presence in Israel, not an Israeli state-policy or settlement mechanism.2
- Stichting Continuïteit ASML: independent protective-preference-share foundation; no preference shares were reported issued, and no Israel-Palestine conduct was established.8
- ASML Foundation: stated to have closed in 2024; reviewed materials do not identify Israel-Palestine, military, or settlement beneficiaries.29
BDS-1000 Score
Method: V6.5.
| Domain | I | M | P | V-Domain Score |
|---|---|---|---|---|
| Military | 0.00 | 0.00 | 0.00 | 0.00 |
| Digital | 0.00 | 0.00 | 0.00 | 0.00 |
| Economic | 5.70 | 5.40 | 9.00 | 4.40 |
| Political | 3.50 | 5.50 | 9.00 | 2.75 |
- V_MAX: 4.40 Avg_OTHERS: 0.92
- BRS Score: 382 Tier: D (Moderate Complicity)
V_MAX is driven by documented economic activity: jurisdiction-level revenue, employment, assets, tax payment, corporate presence, and customer-support operations in Israel.1, 2, 3 The political score captures the public and ongoing character of that ordinary commercial integration, while the record does not verify a military, surveillance, security, settlement, or occupied-territory mechanism.6, 7 This is a scale-free, evidence-only, human-vetted assessment rather than an inference from sector, geography, allegation, or association alone.
Methodology Note
- Evidence is limited to the four supplied domain audits and their cited documentary record.
- Impact measures the type of documented activity; M measures its documented scale; P measures directness of the nexus.
- V6.5 is scale-free: scores do not assume wrongdoing from company size, technology sector, nationality, or commercial presence alone.
- Divested, exited, or otherwise no-longer-current operations are mitigating rather than treated as continuing activity.
- Entity attribution is specific: a customer, supplier, shareholder, founder, consortium participant, or nearby company is not automatically attributable to ASML.
- Settlement operations, if verified, would be counted in both Economic and Political; none was verified here.
- “No public evidence identified” means the bounded audit did not locate attributable evidence; it is not a claim of universal absence.
Footnotes
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https://ourbrand.asml.com/m/44bf04d7ecacdbb6/original/asml-2025-public-country-by-country-report.pdf ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13 ↩14 ↩15
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https://www.sec.gov/Archives/edgar/data/937966/000162828026011378/exhibit81.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13 ↩14
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https://www.asml.com/en/careers/teams/customer-support/customer-support-heroes-karima ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12
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https://cordis.europa.eu/project/id/101111948 ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7
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https://cordis.europa.eu/project/id/101096772 ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7
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https://www.sec.gov/Archives/edgar/data/937966/000162828026011378/asml-20251231.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13 ↩14 ↩15 ↩16 ↩17 ↩18 ↩19 ↩20
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https://www.asml.com/en/company/about-asml/locations ↩ ↩2 ↩3 ↩4
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https://www.asml.com/en/company/governance/board-of-management ↩ ↩2
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https://www.asml.com/en/company/governance/supervisory-board ↩ ↩2
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https://en.globes.co.il/en/article-intel-confirms-further-15b-investment-in-kiryat-gat-1001466126 ↩ ↩2 ↩3 ↩4
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https://www.intel.com/content/www/us/en/newsroom/news/updates-intel-10-largest-construction-projects.html ↩ ↩2 ↩3 ↩4 ↩5
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https://www.gov.il/BlobFolder/legalinfo/9131/he/mergers_file_13022013.pdf ↩
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https://www.asml.com/en/news/press-releases/2022/intel-and-asml-strengthen-their-collaboration-to-drive-high-na-into-manufacturing-in-2025 ↩
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https://www.asml.com/en/news/press-releases/2026/asml-discloses-2026-agm-results ↩
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https://mod.gov.il/%D7%90%D7%92%D7%A4%D7%99%D7%9D/%D7%9E%D7%94%D7%A0%D7%9C-%D7%94%D7%A8%D7%9B%D7%A9-%D7%94%D7%91%D7%99%D7%98%D7%97%D7%95%D7%A0%D7%99 ↩ ↩2
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https://www.sibat.mod.gov.il/Exhibitions/Eurosatory/Documents/ISRAEL_at_EUROSATORY_2024.pdf ↩
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https://www.mod.gov.il/en/press-releases/press-room/israel-mod-and-iai-sign-major-deal-to-expand-procurement-of-arrow-3-interceptors ↩
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https://mod.gov.il/en/press-releases/press-room/israel-mod-signs-first-defense-procurement-contract-from-us-aid-package-with-rafael-to-expand-the-serial-production-of-iron-dome-interceptors ↩
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https://ourbrand.asml.com/m/6ea363f69344ebd4/original/asml-2025-annual-report-based-on-ifrs.pdf ↩ ↩2 ↩3
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https://towersemi.com/manufacturing/manufacturing-overview/ ↩
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https://www.sec.gov/Archives/edgar/data/928876/000117891326002318/zk2635149.htm ↩ ↩2
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https://ourbrand.asml.com/asset/7e2e6a83-b369-407a-95f2-f63ca0013c2b/20260324_ASML_Global_Advocacy_Report-2025_final_draft.pdf ↩ ↩2










