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Dutch chipmaker ASML CEO says he expects demand from China to remain strong
Economic Times
·
1y ago
Medial
The chief executive of Dutch semiconductor equipment maker ASML Holding NV, Peter Wennink, expects strong demand from Chinese chipmakers despite export restrictions imposed by the US and Dutch governments. Wennink believes that there will be a significant amount of demand for mature technology from China this year. He mentioned that the export restrictions impact around 15% of ASML's sales to China, which is the company's third-largest market. ASML warned that 2024 sales may be flat.
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Chip wars boost Europe’s top tech company—for now
Livemint
·
1y ago
Medial
ASML, the Dutch chip-making equipment company, saw its sales in China surge to 46% in Q3 2020, up from 8% earlier in the year. The increase in Chinese orders was driven by a slowdown in Western demand and rush to source equipment before export controls were imposed this month. ASML's sales to China may remain strong this year, as only a small portion (10-15%) of shipments to the country would be affected by export bans. China's aggressive investment in industries like electric cars and wind turbines further drives its demand for semiconductors. However, China's dependence on ASML and its competitors for chip-making machines remains a challenge as export controls tighten.
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ASML not changing guidance after new US crackdown on China chip exports
Economic Times
·
8m ago
Medial
Dutch computer chip equipment maker ASML stated that it does not anticipate the recent U.S. restrictions on semiconductor exports to China to impact its financial guidance. The Dutch government also expressed shared security concerns, while studying the new U.S. rules. ASML expects group sales of 30-35 billion euros by 2025, with around 20% of sales in China. The company highlighted that if enforced, the latest U.S. restrictions could affect its export of deep ultra-violet lithography systems to some Chinese chip-making plants. The new rules include tighter restrictions on software and metrology equipment relevant to ASML.
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On US visit, Dutch politician talks importance of ASML, China trade
Economic Times
·
10m ago
Medial
During a visit to Washington, Netherlands' economy minister Dirk Beljaarts emphasized the significance of China as a trading partner. He emphasized the need for Dutch semiconductor equipment manufacturer ASML to have the freedom to conduct business without restrictions. Beljaarts' meeting with U.S. Deputy Secretary of Commerce Don Graves aimed to promote bilateral trade, rather than negotiate export restrictions. The visit comes ahead of expected expansion of U.S. rules limiting semiconductor exports to certain computer chip plants in China. ASML, the largest supplier of equipment to chip makers, faces pressure from the U.S. government.
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Former ASML CEO says US-China chip fight will continue
Economic Times
·
1y ago
Medial
The former CEO of ASML, the largest tech firm in Europe, believes that the disputes between the US and China over computer chips are based on ideology rather than facts. US export restrictions on ASML tools have been increasing since 2018 due to security concerns, affecting the company's business in China. The CEO emphasized the need to strike a balance in managing stakeholders' interests and expressed concerns about the impact of ideology on the decision-making process. He predicted that the chip war could last for decades due to geopolitical interests.
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Ex-ASML Employee Suspected of Stealing Trade Secrets, NOS Says
Livemint
·
8m ago
Medial
A former employee of ASML Holding NV, a Dutch chip-manufacturing equipment company, is being sued in the Netherlands for allegedly stealing trade secrets. The 43-year-old Russian engineer is accused of stealing documents related to microchip manuals from ASML and is facing multiple violations of sanctions legislation. This incident follows previous data breaches involving ASML, including accusations against a former Chinese employee and a company called Dongfang Jingyuan Electron Ltd. ASML has reported the incident and the company’s spokesperson has stated that they will not comment further during the lawsuit.
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Targeting Chinese chips, US to push Dutch on ASML service contracts
Economic Times
·
1y ago
Medial
The US government, under the Biden administration, plans to urge the Netherlands to prevent chipmaking equipment maker ASML from servicing certain tools in China, in an effort to weaken China's tech industry. The US export policy chief, Alan Estevez, is scheduled to meet with Dutch officials and ASML representatives to discuss the servicing contracts. The US may also seek to expand the list of Chinese chipmaking factories restricted from receiving Dutch equipment. The Netherlands has previously restricted certain chipmaking technology for Chinese customers. The meeting signifies the US's ongoing efforts to rally allies against China's chip production capabilities.
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Morgan Stanley latest to downgrade ASML on China, memory, Intel concerns
Economic Times
·
10m ago
Medial
Morgan Stanley downgraded earnings estimates for ASML, a computer chip equipment maker, due to weakness in the memory chip market, concerns over demand from Chinese chipmakers, and cutbacks by Intel. ASML's shares have fallen 30% in recent months. However, Morgan Stanley also highlighted the potential for a strong 2025 due to AI-linked demand for ASML's most advanced tools. Deutsche Bank also expressed doubts about ASML's China business, as over-capacity and potential trade restrictions loom. In contrast, Citi remains positive and sees ASML as their top tech pick in Europe.
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Trump team seeks to toughen chip controls over China: Reports
Economic Times
·
5m ago
Medial
The Trump administration is planning to tighten semiconductor restrictions on China, extending Biden's efforts to limit Beijing’s technology capabilities, Bloomberg News reports. U.S. officials met with Japanese and Dutch counterparts to potentially restrict engineers from Tokyo Electron and ASML from working on semiconductor equipment in China. Additionally, further limits on Nvidia chip exports to China are considered. The initiative aims for U.S. allies to align on restrictions similar to those on American chip firms.
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Chipmaker NXP forecasts quarterly revenue below estimates on macroeconomic concerns
Economic Times
·
9m ago
Medial
NXP Semiconductors NV, a Dutch chipmaker, has forecasted lower fourth-quarter revenue due to uncertain demand and macroeconomic weakness in Europe and the Americas. The company's shares fell by 5% after the announcement. NXP provides chips and technology for high-speed digital processing in various sectors, including automotive, manufacturing, telecommunications, and IoT. CEO Kurt Sievers cited strength in communication infrastructure, mobile, and automotive markets, but highlighted increasing macroeconomic weakness in the industrial and IoT market. NXP expects fourth-quarter revenue of around $3.10 billion, below analysts' estimates of $3.36 billion.
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ASM Orders Beat Estimates on Artificial Intelligence Boom
Livemint
·
9m ago
Medial
ASM International NV, a Dutch firm specializing in advanced chipmaking tools, reported that its orders in the third quarter exceeded expectations due to increased demand fueled by the artificial intelligence (AI) industry. Orders rose by 30% to €815.3 million ($881 million), surpassing the average analyst estimate of €768 million. ASM's shares rose following the announcement. The company has been benefiting from the growing demand for its "gate-all-around" technology and has experienced increased orders from China. However, ASM expects weaker demand from China in the fourth quarter due to the ongoing pandemic and cyclical downturns in certain industries.
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