AMSTERDAM : Dutch semiconductor equipment maker ASML reported second-quarter earnings that beat expectations on Wednesday and boosted its full-year sales outlook, citing strong demand from Chinese customers.Peter Wennink, CEO of Europe's biggest tech company by market value, increased ASML's full-year sal
AMSTERDAM : Dutch semiconductor equipment maker ASML reported second-quarter earnings that beat expectations on Wednesday and boosted its full-year sales outlook, citing strong demand from Chinese customers.
"Our customers across different market segments are currently more cautious due to continued macro-economic uncertainties, and therefore expect a later recovery," Wennink said in a statement. Net profit was up 35 per cent from a year ago to 1.9 billion euros on sales up 28 per cent to 6.9 billion, beating average analyst expectations of 1.82 billion euros and 6.74 billion respectively, according to Refinitiv data.
Wennink said chip makers who make the most advanced chips using ASML's EUV, or extreme ultraviolet, systems are slowing the pace at which they want equipment delivered. That is because, while companies such as TSMC, Samsung and Intel are expanding production around the world, their new fabrication plants are not ready to receive EUV machines.
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