Reported 11 months ago
ASML has revised its 2025 sales and bookings projections downward due to ongoing weaknesses in the semiconductor market, causing its shares to plunge by 16%, marking the largest single-day drop since 1998. The company, a major supplier of chip manufacturing equipment, is facing cautious customer ordering behavior despite some demand growth in AI-related chips. Its quarterly earnings report revealed a net profit of €2.1 billion but significantly lower bookings than expected, raising concerns about continued market weakness.
Source: YAHOO