President Joe Biden’s administration plans to press the Netherlands subsequent week to cease its prime chipmaking gear maker ASML from servicing some instruments in China, two individuals aware of the matter mentioned, because the U.S. leans on allies in its bid to hobble Beijing’s tech sector.
Emmanuel Dunand | AFP | Getty Photographs
ASML on Monday mentioned first quarter revenue beat expectations whereas gross sales missed forecasts, with the compant sticking to its full-year outlook.
This is how ASML did versus LSEG consensus estimates:
- Internet gross sales: 5.29 billion euros ($5.62 billion) versus 5.39 billion euros anticipated.
- Internet revenue: 1.22 billion euros versus 1.07 billion euros exepected.
Internet gross sales fell 21.6% year-on-year whereas internet earnings dropped 37.4%.
“Our outlook for the complete yr 2024 is unchanged, with the second half of the yr anticipated to be stronger than the primary half, in step with the business’s continued restoration from the downturn,” Peter Wennink, CEO of ASML mentioned in a press release.
“We see 2024 as a transition yr with continued investments in each capability ramp and expertise, to be prepared for the flip within the cycle.”
This can be a breaking information story. Please examine again for extra.
