All articles tagged with #asml holding nv
Despite export restrictions on high-end chipmaking equipment to China, ASML Holding NV's sales to China remained strong in the first quarter, with the country still representing 49% of the company's system sales. In contrast, sales from Taiwan more than halved, while the US accounted for 6%, down five percentage points from the prior quarter.
ASML Holding NV's first-quarter new orders of €3.6 billion fell short of analyst expectations, reflecting a decline in demand for its most advanced machines from the chip making industry, following a record €9.19 billion in the previous quarter.
ASML Holding NV, Europe's most valuable tech company, is experiencing a record high as its cutting-edge machines, crucial for semiconductor manufacturing and AI infrastructure, are in high demand. The resurgence in memory chipmakers' spending commitments and the need for high-performance memory chips, driven by AI, have contributed to ASML's success. Despite concerns about Chinese chipmakers and a potentially limited growth in 2024, ASML's outlook for 2025 remains optimistic, with the company expecting "very significant" growth.
New York State is investing $10 billion to establish a cutting-edge semiconductor research facility at the University at Albany, in collaboration with chip companies such as IBM, Micron Technology, Applied Materials, and Tokyo Electron. The facility will be equipped with advanced chip-making equipment from ASML Holding NV. This initiative aims to make New York a significant research hub in the global chip race and reduce reliance on foreign technologies. The project is part of a larger strategy to bolster domestic chip production and create 700 jobs, attracting at least $9 billion in private investment.