Gov. Dannel Malloy announced Thursday that manufacturing company ASML is planning to grow its operation in Wilton.

The company, located on Route 7, will spend more than $100 million over the next two years to expand, possibly leading to the creation of more than 500 high-paying jobs.

ASML is one of the world's largest makers of semiconductor chip parts. Malloy came to Wilton to make the announcement just one day after his State of the State address, which caused a number of Republicans to criticize him for not mentioning the economy or jobs. The governor has been blamed for major companies like General Electric leaving the state.

"Listen, I don't think any governor has ever released their budget two days early and actually answered questions for an hour and 20 minutes," Malloy said.

ASML could get up to $20 million from the state if it does create new jobs, in addition to keeping the 1,200 current positions in Connecticut.

Since Malloy took office, Connecticut has added 77,000 jobs. But Republicans say taxes and constant budget crises are scaring away workers. Still, ASML says it's doubling down on Connecticut.

"We have great school systems, we have a great environment," says ASML general manager Bill Amalfitano. "We're close to New York; we're close to the ocean. It's a beautiful place."

ASML says it's also staying in Connecticut because it is where it makes its products. It says moving its operation out of state would be extremely expensive. That's also part of the reason why aircraft manufacturer Sikorsky chose to stay in Stratford.