Reported 28 days ago
ASM International (ASMI) has updated its guidance for the fourth quarter following stronger-than-expected bookings in the third quarter, driven primarily by demand in AI and resilient orders from China. The company, a leading supplier of chip-making equipment, anticipates fourth-quarter sales between 770 million and 810 million euros, marking a significant increase from the first half of the year. This growth is supported by sustained demand for AI-related manufacturing processes despite sluggish recovery in other markets.
Source: YAHOO