Reported 4 months ago
ASML Holding NV stock is up as it plans to deliver advanced chipmaking machines to Taiwan Semiconductor Manufacturing Co and Samsung Electronics in 2024, with Intel set to receive them as well. ASML's new machines will support AI applications and advanced electronics, despite concerns over pricing. Analysts predict strong demand, potentially boosting sales. ASML also expects a rebound in demand in the second half of the fiscal year and foresees an impact from the U.S. chip embargo on sales to China. TSMC's plan to increase chip production prices affected the sector, while ASML stock climbed 35% in the past year.
Source: YAHOO