Published in PC Hardware

ASML profits bode well for chip industry

by on15 July 2015


$6.44 billion in sales

Dutch outfit ASML Holding, the world's second largest maker of semiconductor production equipment has managed to flog more than $6.44 billion worth of gear.


The news is important because it sells chip making equipment to fabs so if it is doing well so are they.

ASML's forecasts are closely watched by investors for clues to how key clients Samsung, Intel and TSMC are building the next generation of chips for computers, smartphones, auto and industrial products.

The Dutch outfit reported second-quarter net profits fell 7.2 percent to 369.7 million euros on a 0.6 percent increase in sales to 1.65 billion euros. That was broadly in line with the consensus analyst estimates of 361 million euros, which ranged broadly from 344 million euros to 413 million euros.

It forecast third-quarter sales of between 1.5 billion and 1.6 billion euros, in line with or slightly above what the cocaine nose jobs of Wall Street expected.
Chief Executive Peter Wennink said was jolly pleased with the news.

"We believe that for the remainder of the year we could see sales levels which are equal to the prognosis for the outlook for Q3, with some upside potential," he said.

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