Critical chip firm ASML posts 30% surge in full-year revenue but signals slowdown in 2024
Publishing timestamp: 2024-01-24 11:51:41
Summary
ASML, a Dutch company that makes machines for manufacturing advanced chips, beat expectations on revenue and profit. However, the company expects sales for the year to be flat due to export restrictions imposed by the Dutch government and the broader technology battle between the US and China. ASML does not expect to receive export licenses for its more advanced machines and predicts a similar impact on sales in 2024.
Sentiment: MIXED
Tickers: ASML-NL,
Keywords: breaking news: europe, asml holding nv, breaking news: technology, politics, semiconductor device manufacturing, united states, business news, china, breaking news: earnings, technology, earnings, markets,
Source: https://www.cnbc.com/2024/01/24/asml-earnings-report-q4-and-full-year-2023.html