As a Cost Engineer, you will play a critical role in providing insight and driving down the costs of parts and complex modules by simulating production processes. You will also provide early definition of manufacturing process flows and product cost calculations during the design phase in collaboration with the development and sourcing competences.
Requirements
Master degree in a mechanical engineering / industrial engineering discipline or equivalent practical experience.
Experience in manufacturing processes such as CNC machining, welding, additive manufacturing, and precision mechanics, with the ability to assess trade‑offs, cost drivers, and feasibility.
Direct manufacturing or industrial engineering experience in an operational environment.
Proven ability to explain technical manufacturing choices and cost drivers to non‑manufacturing stakeholders such as sourcing leads, suppliers, and management.
Experience in analyzing and reporting cost drivers, opportunities, and risks.
Understanding of supplier manufacturing capabilities, supply chain constraints, and preferably financial value streams.
Experience working in design teams, supplier account teams, and in direct collaboration with suppliers.
Responsibilities
Act as the technical and costing reference in discussions with engineering, sourcing, and suppliers, taking a clear position on manufacturability, cost drivers, and trade‑offs when viewpoints differ.
Drive Cost of Goods reduction for parts and modules by influencing design choices with respect to manufacturability, cost structure, and production scalability.
Define manufacturing process flows early in the design phase to support fact‑based product cost calculations and design decisions.
Create transparency in product costing by challenging assumptions, validating supplier inputs, and clearly communicating risks, opportunities, and uncertainties.
Identify cost reduction opportunities through in‑depth assessment of factory standard costs and by simulating supplier and supply chain cost structures.
Collaborate closely with Development and Engineering, Sourcing, and Supply Chain Engineering to align technical feasibility with commercial strategy.
Personal skills
Able to determine manufacturing strategies through structured analysis of manufacturing flows and to translate these into realistic product cost models for high‑precision parts and complex modules.
Comfortable operating in situations with incomplete information and competing priorities, able to make and explain trade‑off decisions based on technical and cost logic.
Strong analytical and simulation skills for product costing and supplier factory standard cost scenarios.
Professional and convincing communicator, experienced in reporting cost validations, opportunities, and risks in a clear and structured manner.
Proactive member of design and supplier account teams.
Excellent written and verbal communication skills in English
ASML 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
- Master degree in mechanical engineering or equivalent experience
- Experience with advanced manufacturing processes
- Knowledge of manufacturability of various raw materials
- Experience in reporting cost drivers, opportunities and risks
- Understanding of supplier and supply chain manufacturing capabilities
- Experience working in design and supplier account teams
- Direct manufacturing engineering experience in operations
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.
