ASML Q4 net profit $1.98 billion, sees sales up 25% in 2023

VELDHOVEN, Netherlands :ASML Holding NV, an equipment supplier to computer chip makers, on Wednesday reported better-than-expected fourth-quarter earnings and forecast sales growth of more than 25 per cent in 2023.

CEO Peter Wennink said that although the economic outlook for 2023 is clouded by worries over the economy and growing semiconductor inventories, customers also see conditions improving toward the end of the year and China's economy recovering after the end of COVID-19 curbs.The numbers come a week after U.S. President Joe Biden and Dutch Prime Minister Mark Rutte discussed possible new export restrictions on sales of ASML's older equipment to customers in China due to security concerns.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASML reports net profit of $1.98 billion in Q4, sees 25% sales growth in 2023VELDHOVEN, Netherlands : ASML Holding NV, an equipment supplier to computer chip makers, on Wednesday reported better-than-expected fourth-quarter earnings and forecast sales growth of more than 25 per cent in 2023.The company had fourth-quarter net profit of 1.82 billion euros ($1.98 billion), up from ne
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »