Semiconductor giant ASML sees 2023 sales surge; says China revenue to be steady despite U.S. chip restrictions
Publishing timestamp: 2023-01-25 06:08:06
Summary
Dutch chip equipment maker ASML forecast a 25% jump in 2023 revenue. ASML CEO Wennink said China accounted for around 15% of sales in 2022 and will be at "similar" amount this year, despite U.S. chip export restrictions. ASML produces machines that are required to make world's most advanced chips and its customers believe there will be a recovery in the second half of this year. U.S. is worried that if ASML ships machines to China, chipmakers in the country could begin to manufacture most advanced semiconductors in the world. Prime Minister of Netherlands Mark Rutte traveled to Washington to meet with U.S. President Joe Biden to resolve the issue.
Sentiment: NEUTRAL
Tickers: ASML-NL, 2330-TW, AAPL, INTC,
Keywords: cybersecurity, apple inc, china, joe biden, technology, business news, asml holding nv, taiwan semiconductor manufacturing co ltd, united states, mark rutte, earnings, semiconductor device manufacturing, intel corp, politics,