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ASML Q4 Net Profit $1.98B, Sales Up 25% in 2023 |

VELDHOVEN, Netherlands, 25 january (Reuters) – ASML Holding NV ( ASML.AS ), a supplier of equipment to computer chip makers, reported better-than-expected fourth-quarter earnings on Wednesday and forecast sales growth of more than 25% in 2023. .

Struggling to meet demand as top customers TSMC ( 2330.TW ), Samsung ( 005930.KS ) and Intel ( INTC.O ) engage in major expansions, Europe’s biggest technology company said order backlogs were at record highs. 40 at the end of the year billion euro (43.62 billion dollars).

CEO Peter Wennink said that while the economic outlook for 2023 is clouded by concerns about the economy and rising semiconductor inventories, customers also see conditions improving towards the end of the year and China’s economy recovering after the end of COVID-19 restrictions.

“That means the demand is still higher than we can handle,” he said.

Numbers USA President Joe Biden and comes a week after Dutch Prime Minister Mark Rutten discussed possible new export restrictions on the sale of ASML’s old equipment to customers in China over safety concerns. But Wennink, USAsaid that so far “nothing has changed” since the US imposed new export restrictions on its companies in October.

“We still have DUV (old) … instruments” as the company’s third largest market after Taiwan and South Korea, Wennink said. USA We can ship to mainland China, which competes with

6.43 in the fourth quarter, based in Veldhoven, Netherlands billion Euro revenue generated a net profit of 1.82 billion euros compared to a net profit of 1.77 billion euros in the same period of the previous year.

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)

By Toby Sterling report; Edited by Tom Hogue and Christopher Cushing

Our standards: Thomson Reuters Trust Principles.

2023-01-25 10:50:20
Source – reuters

Translation“24 HOURS”

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