ASML's New Bookings Fall Short as Demand for Advanced Machines Slips
ASML, the largest supplier of equipment to computer chip makers, reported weaker than expected first-quarter new bookings, with sales to China holding up despite U.S.-led restrictions. The company is seeing a lull in demand for its most advanced machines but is gearing up for strong growth in 2025 due to strong demand for AI and memory chips. Despite the weak bookings, ASML still expects a stronger second half of the year and describes 2024 as a "transition year". Sales of ASML's lithography systems to customers in China made up a record 49% of the total in the first quarter, and the company is set to benefit from new chip plants planned with support from governments in various countries.
- ASML new bookings miss forecast, but China sales hold up Reuters
- Shares of critical chip firm ASML drop 5% as sales miss expectations with 22% fall CNBC
- ASML Orders Miss as Demand for Most-Advanced Machines Slips (Bloomberg) Yahoo Finance
- ASML Orders Miss Forecasts as Chip Makers Await Demand Recovery The Wall Street Journal
- ASML Orders Miss as Demand for Most-Advanced Machines Slips Bloomberg
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