News Formal

ASM International's Q2 new orders tumble as chip industry slows

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 66%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Dutch semiconductor equipment maker ASM International (ASMI) said on Tuesday new orders almost halved in the second quarter due to softening demand and delays at some customers' manufacturing facilities. The company, which supplies wafer processing equipment to semiconductor makers, said new orders fell

Dutch semiconductor equipment maker ASM International said on Tuesday new orders almost halved in the second quarter due to softening demand and delays at some customers' manufacturing facilities.

It also reported second-quarter net earnings of 151.2 million euros, down from 160.4 million a year ago. The world's largest contract chipmaker, TSMC, forecast last week a drop of around 10 per cent in 2023 sales and flagged investment spending at the low end of estimates, sending U.S. and European chip stocks into the red.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

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.

Logitech raises sales forecast for first half of 2024:Logitech International on Tuesday raised its sales outlook for the first half of its 2024 financial year, in the first set of results since longstanding CEO Bracken Darrell quit the computer peripherals maker last month.The company said it now expects first-half sales of $1.875 billion to $1.975 billion, com
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »