Chipmaker ASMI sees more business coming in from China this year

ASM International sees more business coming from China this year compared with previous years, the Dutch semiconductor equipment maker said on Wednesday.

When asked by analysts about how much growth the company would see in its domestic China business in the current year, Chief Financial Officer Paul Verhagen said:"I think you know we will see probably more business coming in from China compared to, you know, previous years, but it's not going to be at the same level as what perhaps one of our peers have mentioned."

ASML Holding said last week that it expects sales to mainland China to pick up for the remainder of 2023 following a dip in the first quarter.

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Chipmaker ASM's orders slump as market weakensDutch semiconductor equipment maker ASM International on Tuesday reported a drop in first-quarter orders, citing softening market conditions, despite revenue beating estimate. The Amsterdam-listed company registered orders totalling 647.4 million euros ($710.20 million), down 20 per cent at constant
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