Investing.com -- ASML Holding NV, the world's largest manufacturer of chip-making equipment, plans to provide employees with a €20,000 ($22,838) bonus to encourage them to stay with the company from 2027 through 2030.

The Dutch company confirmed the retention plan on Monday after the news was first published in Eindhovens Dagblad.

ASML stated that details of the conditional stock grant, set to begin on January 1, 2027, are still under development. The company said the grant would be available to "all eligible employees."

The retention bonus represents ASML's response to a broader industry challenge. Other major semiconductor companies, including Samsung Electronics, Taiwan Semiconductor Manufacturing Company, and SK Hynix, have also increased worker compensation packages as the sector faces a shortage of skilled labor during a period of strong financial performance.

ASML holds the title of Europe's most valuable company by market capitalization. Earlier this month, the company reported net income of €2.92 billion and announced that its primary line of lithography tools for printing circuitry is almost completely sold out through 2027.

The company maintains a global workforce of 44,500 employees. More than half of these workers are based in the Netherlands, while approximately 8,500 are located in the United States.