Shares of ASML jumped as much as 10% on Wednesday after a Reuters report suggested that the company could be exempted from expanded export restrictions on chipmaking gear to China.
Shares of ASML jumped as much as 10% on Wednesday after a Reuters report suggested that the company could be exempted from expanded export restrictions on chipmaking gear to China.
ASML reported second-quarter earnings and sales that beat forecasts, as interest in artificial intelligence chips drives up demand for the Dutch firm’s critical semiconductor making equipment.
ASML Holding shares dropped on Wednesday after its orders missed expectations. It’s a sign of caution in the chip industry despite a race to build up national semiconductor sectors.
Europe’s largest tech company, ASML Holding, on Wednesday held onto its conservative outlook for 2024 despite promising signs of a recovery in the semiconductor industry that saw it receive a record €9.2 billion worth of orders in the final quarter of 2023.
Semiconductor equipment maker ASML was barred by the Dutch government from exporting some of its tools to China, the company said.
ASML and Samsung Electronics agreed to jointly invest 1 trillion won to build a plant in South Korea to develop high-tech semiconductor processing technology for cutting-edge chips.
ASML reported a profit decline in the third quarter, but beat estimates as it forecast 2024 revenue will be flat.
ASML, one of the world’s most important semiconductor equipment firm, posted a jump in revenue and profit in the second quarter, but warned of macroeconomic “uncertainties” ahead.
FRANKFURT (dpa-AFX) – In a friendly market environment for European technology stocks, shares of Infineon and Aixtron stood out on Wednesday. While Infineon gained 3.2 percent to 37.60 euros, Aixtron rose 4.6 percent to 29.60 euros. They benefited from a positive analyst comment. The industry heavyweights STMicroelectronics and ASML also made significant gains.
Dutch firm ASML and Taiwan’s TSMC, two of the world’s most important semiconductor firms, got a share price boost on Thursday after Nvidia’s earnings impressed investors.