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☆ Dutch minister confident ‘crown jewel’ chip firm ASML will stay in Netherlands after threat to leave
▼ + stars: | 2024-04-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

A top Dutch government minister said he's confident the country's coveted chip-equipment maker ASML will remain in the Netherlands following threats from the company to move its operations abroad. Steven van Weyenberg, the Netherlands' finance minister, told CNBC's Karen Tso on Thursday that he isn't worried by ASML's statements threatening to leave the country. The company makes extreme ultraviolet lithography (EUV) machines, which are critical to the semiconductor industry for manufacturing integrated circuits. "I think many people, many countries would love to welcome ASML, but I think they're strongly embedded in the Netherlands," Van Weyenberg told CNBC Thursday. "I'm very optimistic about ASML's future and that it will be within the Netherlands," he said.

Persons: he's, Steven van Weyenberg, Karen Tso, Peter Wennink, Van Weyenberg, ASML Organizations: CNBC Locations: Netherlands

☆ ASML earnings drag semiconductor stocks lower
▼ + stars: | 2024-04-17 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Chip stocks fell on Wednesday after ASML, a key developer of semiconductor manufacturing equipment, said that bookings fell by 61% sequentially during the first quarter, a steeper drop than investors had expected. During trading on Wednesday, AMD's stock fell over 4%, Nvidia shares fell about 3%, Intel shares fell nearly 2% and Qualcomm was off 2%. But the biggest drop affected chip technology firm Arm , which was trading nearly 10% lower on Wednesday. ASML fell over 8% on a day when the entire S&P 500 index was only down less than 1%. ASML also said that it expected that government subsidies for chip factories, such as the CHIPS Act in the U.S., would boost its sales.

Persons: Carl Zeiss ZMT, ASML, Peter Wennink, Wennink, Christophe Fouquet Organizations: Nvidia, Intel, Qualcomm, Samsung, Apple Locations: Taiwan, South Korea, U.S, China

☆ Critical chip firm ASML posts profit beat but sales miss expectations with 22% drop
▼ + stars: | 2024-04-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Net sales fell 21.6% year-on-year while net income dropped 37.4%. ASML's net sales fell in the middle point of the company's guidance. ASML on Monday said first-quarter profit beat expectations while sales missed forecasts, with the company sticking to its full-year outlook. ASML has previously said it expects net sales for 2024 to be similar to 2023 and reiterated this projection on Monday. ASML previously said that export restrictions would impact 10% to 15% of China sales this year.

Persons: Joe Biden's, ASML, Peter Wennink, ASML's bullishness, Roger Dassen Organizations: Samsung, Taiwan Semiconductor Manufacturing Co, Intel Locations: Netherlands, China, U.S, America

☆ Critical chip firm ASML posts 30% surge in full-year revenue but signals slowdown in 2024
▼ + stars: | 2024-01-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Here's how ASML did versus LSEG consensus estimates:Net sales: 7.2 billion euros ($7.82 billion) versus 6.9 billion euros expected7.2 billion euros ($7.82 billion) versus 6.9 billion euros expected Net profit: 2.05 billion euros versus 1.86 billion euros expectedASML had previously said that it expects fourth-quarter net sales between 6.7 billion euros and 7.1 billion euros with a gross margin between 50% and 51%. Net sales for the fourth quarter rose 12.5% year-on-year, while the company reported a gross margin of 51.4% in the fourth quarter. ASML said it expects first-quarter net sales of between 5.0 billion euros and 5.5 billion euros. "We maintain our conservative view for the total year and expect 2024 revenue to be similar to 2023. ASML reported 27.6 billion euros in revenue for 2023, higher than the 21.2 billion euros of the year before.

Persons: ASML, Peter Wennink Locations: U.S

☆ ASML forced to suspend some China exports after US escalates tech battle
▼ + stars: | 2024-01-02 | by ( Diksha Madhok | ) edition.cnn.com time to read: +2 min

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter, which explores what you need to know about the country’s rise and how it impacts the world. CNN —ASML has been ordered by the Dutch government to restrict shipment of some of its chip-making equipment to China, the company said on Monday. For several years, the Dutch government has faced pressure from the United States to limit chip-related exports to China. ASML said when the rules were updated that due to “the length and complexity of the regulations, ASML will need to carefully assess any potential implications.”The updated export restrictions would affect between 10% and 15% of the firm’s sales to China, ASML Chief Executive Peter Wennink said during an earnings call in October. China reacted on Tuesday, by calling the US curbs “hegemonic” and “bullying.”These actions will “undermine the global semiconductor landscape,” Foreign Ministry spokesperson Wang Wenbin said.

Persons: CNN — ASML, ASML, Biden, Peter Wennink, ” ASML, Wang Wenbin Organizations: CNN, United, NXT, ASML, Foreign Locations: China, United States, Veldhoven, Netherlands

☆ ASML boss Wennink to retire in April; veteran Fouquet to step up
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: +1 min

ASML Chief Executive Peter Wennink will retire at the end of his term next April to be replaced by company veteran Christophe Fouquet, the Dutch semiconductor equipment manufacturer said on Thursday. Fouquet, who has been with ASML for 15 years, has previously overseen its extreme ultraviolet (EUV) product lines, which now account for about half of the company's sales. EUV technology, was developed and commercialised by ASML, and is used by only a handful of manufacturers to make advanced chips. "Christophe's career is a clear example of natural evolution throughout the company," Wennink said. The company also announced that Chief Technology Officer Martin van den Brink will retire on April 24.

Persons: Peter Wennink, Christophe Fouquet, Wennink, Fouquet, Taiwan's, Martin van den Brink, Jim Koonmen Organizations: Nikon, Canon, Samsung, Intel, Micron, SK Hynix, Technology

☆ ASML’s new CEO has tricky path to a 1,000% return
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +2 min

On Thursday the Dutch group said Chief Executive Peter Wennink is retiring after a decade at the helm. The Veldhoven-based group dominates the market for lithography equipment, a key tool for making microchips used to power everything from smartphones to cars. Demand for its kit has seen ASML’s revenue quadruple and its shares deliver a 1,000% total return since Wennink took over in July 2013. But ASML’s current market power makes it harder for his successor to do deals without inviting antitrust scrutiny. The next 1,000% return is likely to take longer than 10 years.

Persons: Peter Wennink, Christophe Fouquet, ASML, microchips, Wennink, Fouquet, Karen Kwok, Julius Baer’s, Neil Unmack, Oliver Taslic Organizations: Reuters, X, Barclays, Thomson Locations: U.S, China

That decision gives U.S. officials new sway over companies in the Netherlands and Japan, where some of the most advanced chip machinery is made. In particular, U.S. rules will now stop shipments of some machines that use deep ultraviolet, or DUV, technology made mainly by the Dutch firm ASML, which dominates the lithography market. Peter Wennink, the chief executive officer, said that it was “just a handful” of Chinese chip factories where the company would not be able to ship certain tools. But “it is still sales that we had in 2023 that we’ll not have in 2024,” he added. ASML’s technology has enabled leaps in global computing power.

Persons: Vera Kranenburg, ASML, “, ”, Peter Wennink, we’ll, Liesje Schreinemacher Organizations: Clingendael Institute, U.S . Department of Commerce Locations: Netherlands, Japan, U.S, China, Dutch, United States

☆ ASML CEO says he expects demand from China will remain strong
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

ASML logo is seen in this illustration taken February 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsAMSTERDAM, Oct 18 (Reuters) - The chief executive of Dutch semiconductor equipment maker ASML Holding NV said on Wednesday he expected demand from Chinese chipmakers to continue to be strong, despite export restrictions imposed by the U.S. and Dutch governments. He added that the export restrictions impact around 15% of ASML's sales to China, which is the company's third-largest market after Taiwan and South Korea. Earlier on Wednesday ASML warned that 2024 sales may be flat. Reporting by Toby Sterling; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Peter Wennink, Toby Sterling, Alex Richardson Organizations: REUTERS, Rights, ASML, U.S, Thomson Locations: China, Taiwan, South Korea

The instruction by TSMC, which is grappling with delays at its $40 billion chip factory in Arizona, is aimed at controlling costs and reflects the company's growing caution about the outlook for demand, the sources said. Suppliers currently expect the delay to be short-term, the sources said, declining to be named as the information is not public. Companies affected by the instruction to delay include Dutch firm ASML (ASML.AS), which makes lithography equipment essential for high-end chipmaking, one of the sources said. ASM International (ASMI.AS), a smaller equipment firm that is also a supplier to TSMC, fell 4.2% with BE Semiconductor (BESI.AS), a packaging equipment firm, down 2.4%. CHIP CYCLE WORRIESThe Taiwanese chip giant is not alone in worrying a bounce back in demand may take longer than expected.

Persons: Dado Ruvic, TSMC, chipmaker, C.C, Wei, Peter Wennink, We've, Wennink, they're, Mark Liu, Sam Nussey, Fanny Potkin, Toby Sterling, Miyoung Kim, Stephen Coates Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Suppliers, Reuters, ASM, BE Semiconductor, Apple, Media, Huawei, Analysts, chipmaker Semiconductor Manufacturing International Corp, HK, Thomson Locations: TOKYO, SINGAPORE, AMSTERDAM, Arizona, China, Taiwan, Beijing, Washington, Tokyo, Singapore, Amsterdam

☆ ASML to ship first pilot tool in its next product line in 2023 -CEO
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Piroschka van de Wouw/File photo Acquire Licensing RightsAMSTERDAM, Sept 5 (Reuters) - ASML (ASML.AS) will ship the first pilot tool in its next product line this year as planned, the semiconductor equipment maker's CEO Peter Wennink said, despite some supplier hold-ups. Under pressure from the United States, the Dutch government does not grant ASML licences to export EUV tools to Chinese chipmakers. Like in a camera, the High NA, or high numerical aperture tool, will gather light from a wider angle for up to 70% better resolution, although the ASML tool uses a system of mirrors rather than a lens. Separately, Wennink confirmed that ASML will have more sales in dollar terms from its previous generation "DUV" machines than EUV machines in 2023. ASML is forecasting 30% sales growth this year due in part to strong demand from Chinese customers for the older machines.

Persons: de, Peter Wennink, Wennink, Toby Sterling, Alexander Smith Organizations: REUTERS, Rights, NA, Reuters, Intel, Samsung, SK Hynix, Micron, Thomson Locations: Veldhoven, Netherlands, Eindhoven, United States, Arizona, Taiwan

☆ Critical chip firm ASML, caught in China export restrictions, posts 38% rise in profit
▼ + stars: | 2023-07-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. Here's how ASML did in the second quarter versus Refinitiv estimates:Net sales : 6.9 billion euros ($7.7 billion), compared with 6.72 billion euros expected. : 6.9 billion euros ($7.7 billion), compared with 6.72 billion euros expected. Net profit: 1.9 billion euros, versus 1.82 billion euros expected. ASML said it expects net sales in the third quarter of this year to sit between 6.5 billion euros and 7 billion euros.

Persons: ASML, Peter Wennink, Wennink Organizations: U.S . Locations: U.S, Dutch, China

☆ ASML ups full-year sales forecast as China demand stays strong
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +3 min

SummaryCompanies Ups full-year sales growth forecast to 30% from 25%Q2 net profit up 35% at 1.9 billion euros vs forecast 1.82 blnQ2 sales up 28% to 6.9 billion vs forecast 6.74 billionAMSTERDAM, July 19 (Reuters) - Dutch semiconductor equipment maker ASML (ASML.AS) reported second-quarter earnings that beat expectations on Wednesday and boosted its full-year sales outlook, citing strong demand from Chinese customers. "However, our strong (order) backlog of around 38 billion euros ($42.6 billion) provides us with a good basis to navigate these short-term uncertainties," Wennick said. Net profit was up 35% from a year ago to 1.9 billion euros on sales up 28% to 6.9 billion, beating average analyst expectations of 1.82 billion euros and 6.74 billion respectively, according to Refinitiv data. It is a supplier to almost every computer chip maker and is expanding production as it cannot keep up with customer demand. ASML has never sold EUV machines in China due to export control rules but it remains a key market.

Persons: Peter Wennink, Wennink, Wennick, ASML, Toby Sterling, Tom Hogue, David Holmes Organizations: Samsung, Intel, Thomson Locations: AMSTERDAM, China, Washington, U.S

☆ ASML CEO says politics will lead to slower semiconductor advances
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: 1 min

AMSTERDAM, April 26 (Reuters) - National security plans and geopolitical tensions including those between the United States and China will have ripple effects through the semiconductor industry, the chief executive of ASML Holding NV (ASML.AS) said on Wednesday. Speaking at ASML's annual meeting, CEO Peter Wennink said it was "logical" that China would seek to develop its own technologies, including semiconductor equipment, when it is restricted from purchasing products made abroad. ASML dominates the market for lithography tools, important equipment needed in computer chip manufacture, and Wennink said he was not worried rivals anywhere are close to being able to develop and build competing top-end commercial products. Reporting by Toby Sterling, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Chipmaking tool firms expect boom in China sales despite export rules
▼ + stars: | 2023-04-20 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

April 20 (Reuters) - Two companies that make tools for manufacturing chips said that they expect sales to China to boom later this year despite U.S. export restrictions on equipment used to make cutting-edge semiconductors. Lam is subject to the U.S. export restrictions, and ASML will face new rules from the Dutch government on China sales later this year. But those rules so far have only affected equipment used in making the most advanced chips. In Lam's case, it had originally estimated that the China restrictions would cost it between $2 billion and $2.5 billion of revenue in 2023. That's a jump from November, when ASML said China made up 18% of its then 38 billion euro backlog.

☆ ASML beats earnings estimates despite signs of weakness
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +2 min

ASML posted a threefold jump in net profit to 1.96 billion euros ($2.15 billion) on revenue up 91% at 6.74 billion euros. Analysts had forecast net profit of 1.62 billion euros on revenue of 6.31 billion euros, Refinitiv data shows. The outlook for ASML remains strong despite belt-tightening among its client base, ASML said. "Overall demand still exceeds our capacity for this year and we currently have an (order) backlog of over 38.9 billion euros," CEO Peter Wennink said in a statement. ASML maintained a forecast for 25% sales growth this year, with sales of between 6.5 million and 6.7 billion euros in the second quarter.

☆ ASML beats first-quarter earnings estimates, customers 'adjusting' orders due to chip market
▼ + stars: | 2023-04-19 | by ( ) www.cnbc.com time to read: +1 min

The company's net profit for the quarter ended March 31 was 1.96 billion euros ($2.15 billion), nearly 3 times higher than 695 million euros a year ago. Its revenue was up 91% at 6.74 billion euros. Analysts had forecast net profit of 1.62 billion euros on revenue of 6.31 billion euros, according to Refinitiv data. "The overall demand still exceeds our capacity for this year and we currently have an (order) backlog of over 38.9 billion euros," he said. ASML, Europe's largest technology firm by market capitalization, plays a key role in the semiconductor industry as it dominates the market for lithography equipment, used to create the minute circuitry of chips.

☆ ASML: trade war risks increasing, but no 2023 impact on China sales
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, Feb 15 (Reuters) - ASML Holding NV (ASML.AS) on Wednesday warned growing global trade and export controls pose a threat to its business, but it does not expect new restrictions on exports to China to affect 2023 earnings. Curbs imposed by the Dutch government under pressure from the U.S. have prevented ASML from selling its most advanced machines to China since 2019. "Such developments, including the drive for technological sovereignty, could also lead to long-term changes in global trade, competition and technology supply chains, which could adversely affect our business and growth prospects," ASML said. "We do not expect these measures to have a material effect on our expectations for 2023." Last month ASML forecast a 25% rise in sales for 2023 with sales to China steady at about 2.2 billion euros, or 14% of 2021 revenue.

☆ Dutch PM Rutte: may not disclose result of U.S. chip export control talks
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, Jan 27 (Reuters) - The Netherlands' Prime Minister Mark Rutte said on Friday that it is not clear whether his government will disclose the result of ongoing talks with the U.S. over new export restrictions for the semiconductor industry. A Dutch delegation is in the U.S. on Friday for talks. "Those talks have been going on for a long time and we're not saying anything about it," Rutte said. Asked whether ASML would not need to be informed of the decision in order to implement new restrictions, Rutte said government communications with the company "are also private." Reporting by Stephanie van den Berg, Toby Sterling, Charlotte Van Campenhout, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Europe Inc earnings offer market optimists more hope
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +5 min

Shares in ASML were lower after the results, having rallied recently to hit their highest since last April. Helped by strong orders in Europe, French train maker Alstom (ALSO.PA) posted an 8% rise in third-quarter sales. While it is still early in the corporate earnings season, the results offer some hope that recent economic data which has buoyed equities this month is grounded in reality. Swiss asset manager GAM (GAMH.S) meanwhile warned on profits after experiencing negative asset flows, knocking its shares 2.5% lower in early morning trading. ($1 = 0.8115 pounds)Reporting by Reuters newsroom; Writing by Josephine Mason; Editing by Catherine EvansOur Standards: The Thomson Reuters Trust Principles.

☆ ASML beats earnings forecasts, sees 2023 growth amid China worries
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +2 min

It said its order backlog had grown to a record 40 billion euros ($43.62 billion) at the end of the year. ""We just have to wait for the governments and the politicians to keep talking and come to a reasonable solution (on possible restrictions)," Wennink said. The company had China sales worth 2.16 billion euros in 2022 accounting for 14% of its total revenue. Veldhoven, Netherlands-based ASML reported fourth-quarter net profit of 1.82 billion euros, up from 1.77 billion a year earlier, on revenue of 6.43 billion euros. That beat analyst forecasts for a net profit of 1.70 billion euros on sales of 6.38 billion, Refinitiv Eikon data showed.

☆ ASML Q4 net profit $1.98 bln, sees sales up 25% in 2023
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +2 min

VELDHOVEN, Netherlands, Jan 25 (Reuters) - ASML Holding NV (ASML.AS), an equipment supplier to computer chip makers, on Wednesday reported better-than-expected fourth-quarter earnings and forecast sales growth of more than 25% in 2023. But Wennink said that so far "nothing has changed" since the U.S. imposed new export restrictions on its own companies in October. The Veldhoven, Netherlands based firm reported fourth-quarter net profit of 1.82 billion euros, up from net profit of 1.77 billion euros in the same period a year earlier, on revenue of 6.43 billion euros. Analysts had forecast net profit of 1.70 billion euros on sales of 6.38 billion euros, according to Refinitiv data. ($1 = 0.9169 euros)Reporting by Toby Sterling; Editing by Tom Hogue and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ Exclusive: Dutch officials headed to Washington to talk controls on chipmaking gear - sources
▼ + stars: | 2023-01-25 | by ( Michael Martina | ) www.reuters.com time to read: +2 min

Jan 25 (Reuters) - Dutch and U.S. officials will meet in Washington on Friday to discuss potential new controls on exporting semiconductor manufacturing gear to China, with a deal possible by the end of the month, according to two sources familiar with the matter. A deal could be announced as soon as Friday if the two sides can agree on the details, said one of the sources, speaking on condition of anonymity. The source added that it was possible that any deal reached might not be announced immediately. Dutch officials are also adamant the controls be tailored to national security concerns and not give the appearance that the United States is trying to favor its own chipmaking industry, said the second source. However, he said that while a deal may be announced soon, it is less clear whether the technical details of any regulations have been resolved.

☆ ASML CEO expects steady China sales in 2023 despite restrictions
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies ASML sees 2023 China sales around 2022 level of 2.2 bln eurosChinese orders make up about 15% of ASML backlogChinese chipmakers are simply shifting investment -CEOAMSTERDAM, Jan 25 (Reuters) - ASML Holding NV's (ASML.AS) exports to mainland China will likely hold at last year's level in 2023 despite ongoing U.S-Dutch government talks over new restrictions on the company's sales to the country, CEO Peter Wennink said on Wednesday. The company still sends older DUV machines to China, although these are now a focus of the U.S.-Dutch talks. Such sales totalled around 2.16 billion euros ($2.35 billion), or 14% of total revenue, last year, down marginally from 2.17 billion in 2021. "They just become very practical," he said, adding that Chinese customers are investing in 20 nanometre chips and larger - those considered cutting edge before the year 2014. ($1 = 0.9175 euros)Reporting by Toby Sterling; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Semiconductor giant ASML sees 2023 sales surge; says China revenue to be steady despite U.S. chip restrictions
▼ + stars: | 2023-01-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice. For the fourth quarter of 2022, ASML's net sales rose more than 29% to 6.4 billion euros ($7 billion), it said Wednesday. For the full year, net sales came in at 21.1 billion euros, a more than 13% year-on-year rise. ASML forecast its net sales for 2023 to grow over 25% compared to 2022. And then we see the effect of this in the business of our customers," ASML CEO Peter Wennink told CNBC.

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