Printed circuit board processing machine incorporating tool holding device

A machine tool for machining printed circuit boards comprising:

• a work spindle movable by a motor;
• a work table for mounting the printed circuit boards;
• at least one tool holding device detachably mounted on the work table, said at least one tool holding device including a plurality of tool posts each for receiving a tool and spaced at predetermined intervals;
• and a controller for programmed controlling of machining and tool changing operations, wherein said at least one tool holding device includes data carrier memory means having stored data corresponding to a degree of wear of all tools located in said at least one tool holding device and a communication device for communicating with said controller for transferring new data corresponding to a new tool installed in said at least one tool holding device to said controller prior to each of said machining and tool changing operations and for updating the stored data in said data carrier memory means after each of machining and changing operations, and wherein said controller causes said communication device to replace said stored data in said data carrier memory means with said new data after replacement of a worn-out tool by a new tool in said at least one tool holding device.