Reported 16 days ago
ASML's CFO, Roger Dassen, clarified that the expected drop in sales from China is not related to previous stockpiling of chip machines, emphasizing that the machines are actively used in chip manufacturing. The company anticipates a significant decrease in demand from China in the upcoming year, despite Chinese orders accounting for 42% of ASML's sales in the third quarter. Additionally, Dassen discussed ASML's preparedness for potential restrictions on imports of rare earth materials from China, highlighting the importance of trade continuity over the next few years.
Source: YAHOO