ASML held back by stalled sales of big earning tools

AMSTERDAM (Reuters) – Semiconductor equipment maker ASML Holding NV ASML.AS sounded a note of caution over sales of its newest tools worth $200 million apiece on Wednesday, as it delivered better-than-expected earnings and forecast double-digit growth next year.

FILE PHOTO: ASML Holding logo is seen at company’s headquarters in Eindhoven, Netherlands, Januari 23, 2019. REUTERS/Eva Plevier

ASML is depending on the likes of chipmakers Taiwan Semiconductor Manufacturing Co Ltd 2330.TW, Samsung Electronics Co Ltd 005930.KS and Intel Corp INTC.O to sell its most advanced “EUV” or extreme ultraviolet, machines, which use energy beams to map out circuitry of computer chips.

Intel said in July it was six months behind on plans to make its next generation of chips.

ASML Chief Financial Officer Roger Dassen said the company would likely be “a few systems shy” of selling a targeted 35 of the machines this year, due to customers not being

Read More
Read More