The Cost Engineer is responsible for creating transparency in product and manufacturing costs and driving Cost of Goods (CoG) improvements across ASML's supply chain. The role combines engineering knowledge, manufacturing expertise, and cost modeling capabilities to support sourcing, engineering, and supplier decision-making.
The Cost Engineer is part of ASML's global Cost Engineering competence and the Asia Cost of Goods (CoG) team, collaborating with Business Lines, Development & Engineering, Strategic Sourcing & Procurement, and suppliers in the Asia region. The role supports a broad range of technologies including Precision Mechanics, Mechatronics, Electronics, PCBA, Cable Assemblies, Optics, Ceramics, and other high-precision manufacturing domains.
Job Mission- Drive Cost of Goods (CoG) improvement through product cost modeling, manufacturing process analysis, Design-to-Cost activities, and supplier collaboration.
- Provide fact-based manufacturing and cost insights to support Development & Engineering, Strategic Sourcing & Procurement, Business Lines, and suppliers throughout the product lifecycle.
- Contribute to the development of ASML's global Cost Engineering competence while supporting Cost of Goods initiatives within the Asia region.
- Develop and maintain product cost calculations and cost models.
- Analyze product cost drivers, manufacturing processes, and business uplifts.
- Support Design-to-Cost activities by providing manufacturability and cost insights during product development.
- Define and assess manufacturing process flows for parts, assemblies, and modules.
- Support supplier selection, supplier workshops, and sourcing negotiations through engineering-based cost analysis.
- Validate supplier quotations and manufacturing assumptions.
- Identify, quantify, and drive cost reduction opportunities across the supply chain.
- Build and maintain manufacturing knowledge, cost databases, and benchmarking information.
- Collaborate closely with Development & Engineering, Supplier Account Leads (SALs), Group Supplier Managers (GSMs), Supply Chain Engineering, Quality, and suppliers.
- Bachelor or Master degree in Mechanical Engineering, Manufacturing Engineering, Mechatronics, Electrical Engineering, Industrial Engineering, Material Science, Physics, or equivalent.
- 5+ years of experience in manufacturing, industrial engineering, supplier engineering, cost engineering, or a related technical field.
- Strong understanding of manufacturing processes, product structures, and cost drivers.
- Experience working with engineering, sourcing, and supplier stakeholders.
- Experience developing product cost calculations, should-cost models, or manufacturing cost assessments is preferred.
- Experience in a high-tech, semiconductor, precision manufacturing, optics, electronics, or capital equipment environment is preferred.
- Experience in one or more manufacturing domains such as precision mechanics, electronics, PCBA, optics, ceramics, and advanced materials. Understanding of manufacturing processes, product cost drivers, and supplier capabilities is preferred.
- Strong analytical and problem-solving skills.
- Ability to translate technical concepts into business insights.
- Effective stakeholder management across multiple disciplines and organizational levels.
- Ability to influence without formal authority.
- Strong communication and presentation skills.
- Curiosity and willingness to develop expertise across multiple technology domains.
- Team player with a proactive and continuous improvement mindset.
- Excellent written and verbal communication skills in English.
The successful candidate is recognized as a trusted partner for manufacturing and product costing, capable of creating transparency in technical and business cost drivers, identifying sustainable Cost of Goods improvement opportunities, and supporting fact-based decision-making across ASML's supply chain.
The individual continuously develops expertise across multiple manufacturing technologies and contributes to strengthening both ASML's global Cost Engineering competence and the Asia Cost of Goods community.
Other InformationThis role requires regular collaboration with local and international stakeholders, including Cluster GSMs, Cluster Sourcing Leads, and key Cost of Goods stakeholders. Occasional business travel may be expected depending on project scope, supplier engagement, and stakeholder location.
This position requires access to controlled technology, as defined in the United States Export Administration Regulations (15 C.F.R. § 730, et seq.). Qualified candidates must be legally authorized to access such controlled technology prior to beginning work. Business demands may require ASML to proceed with candidates who are immediately eligible to access controlled technology.
Inclusion and diversityASML is an Equal Opportunity Employer that values and respects the importance of a diverse and inclusive workforce. It is the policy of the company to recruit, hire, train and promote persons in all job titles without regard to race, color, religion, sex, age, national origin, veteran status, disability, sexual orientation, or gender identity. We recognize that inclusion and diversity is a driving force in the success of our company.
Need to know more about applying for a job at ASML? Read our frequently asked questions.
Skills Required
- Bachelor or Master degree in Mechanical, Manufacturing, Mechatronics, Electrical, Industrial Engineering, Material Science, Physics, or equivalent
- 5+ years of experience in manufacturing, industrial engineering, supplier engineering, cost engineering, or related technical field
- Strong understanding of manufacturing processes, product structures, and cost drivers
- Experience working with engineering, sourcing, and supplier stakeholders
- Experience developing product cost calculations, should-cost models, or manufacturing cost assessments
- Experience in high-tech, semiconductor, precision manufacturing, optics, electronics, or capital equipment environment
- Experience in manufacturing domains such as precision mechanics, electronics, PCBA, optics, ceramics, and advanced materials
- Strong analytical and problem-solving skills
- Ability to translate technical concepts into business insights and provide manufacturability/cost input during development
- Effective stakeholder management and ability to influence without formal authority
- Strong communication and presentation skills; excellent written and verbal English
- Willingness to travel occasionally for supplier engagement and stakeholder meetings
- Legally authorized to access controlled technology as defined by US Export Administration Regulations prior to beginning work
- Curiosity and willingness to develop expertise across multiple technology domains; team player with continuous improvement mindset
ASML Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about ASML and has not been reviewed or approved by ASML.
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Healthcare Strength — Health coverage is broad and employer‑funded to a significant degree, with multiple plan options plus mental health and wellness resources. Complementary offerings like onsite/virtual care, HSA contributions, and a gym subsidy strengthen the overall medical package.
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Parental & Family Support — Family‑forming benefits include paid parental leave, adoption assistance, IVF coverage, and practical supports like lactation rooms and milk‑shipment for travel. These provisions indicate substantial caregiving support across life stages.
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Leave & Time Off Breadth — Paid time off can reach a high ceiling when combining vacation and company holidays, with accruals increasing by tenure. Flexible workplace policies and a vacation sell‑back option add usability to the time‑off program.
ASML Insights
What We Do
ASML is a high-tech company, headquartered in the Netherlands. We manufacture the complex lithography machines that chipmakers use to produce integrated circuits, or computer chips. Over 30 years, we have grown from a small startup into a multinational company with over 60 locations across Europe, Asia and the US. Behind ASML’s innovations are engineers who think ahead. The people who work at our company include some of the most creative minds in physics, electrical engineering, mathematics, chemistry, mechatronics, optics, mechanical engineering, computer science and software engineering. Because ASML spends more than €2 billion per year on R&D, our teams have the freedom, support and resources to experiment, test and push the boundaries of technology. They work in close-knit, multidisciplinary teams, listening to and learning from each other.







