Dutch semiconductor supplier ASM International on Tuesday reported fourth-quarter revenue ahead of its guidance, citing better-than-expected supply chain conditions and higher conversion of the backlog.
The company's revenue increased to around €720 million in the fourth quarter, beating its guided range of €630 million to €660 million. The group said it expects its operating margin for the fourth-quarter of 2022 to be approximately 26 per cent, excluding purchase price allocation amortization related to the acquisition of LPE.
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