The company’s orders rose from 2.6 billion euros in the third quarter of last year to a record 9.19 billion euros in the fourth quarter. Demand was driven primarily by more sophisticated machines, the company noted.
ASML is the only company that makes the equipment needed to make the most complex semiconductors, and demand for the company’s products is an indicator of the industry’s health, Bloomberg writes. Record orders for ASML’s cutting-edge UV lithography machines indicate that the technology’s largest customers, including Intel, Samsung Electronics and Taiwan Semiconductor Manufacturing, are optimistic about the prospects.
Artificial intelligence, which requires enormous computing power, will be “a big driver of our business and that of our customers,” CEO Peter Weennink said in an interview with Bloomberg TV.
After the decline started by the coronavirus pandemic, chipmakers are increasingly optimistic about the industry’s prospects, and ASML’s results are the latest sign of that, Bloomberg notes.
The company’s revenue increased 5% to 7.24 billion euros, and EPS increased 8.9% to 5.20 euros.
ASML, which already faces restrictions on the sale of its most advanced UV machines in China, expects the new export control measures to affect up to 15% of Chinese sales this year.
Over the past five years, ASML’s market value has more than quadrupled to almost €300 billion, making ASML the most valuable technology company in Europe.
Today ASML shares on the Dutch stock exchange increased by 6% and cost 755 euros.
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2024-01-24 12:58:03
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