ASML beats earnings forecasts, sees 2023 growth amid China worries

VELDHOVEN, Netherlands :ASML Holding NV, Europe's largest technology company, beat fourth-quarter earnings forecasts on Wednesday and forecast a rise more than 25 per cent in 2023 sales despite possible new curbs on its exports to China.

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 some of ASML's sales to customers in China due to security concerns.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Investing in South Korean stocks to get easier for foreigners in 2023 - regulatorSEOUL : South Korea plans to scrap a number of regulations in the local stock market within this year to make investment easier for foreign investors, its financial regulator said on Tuesday, in an effort to bring in more money into the market.The Financial Services Commission said in a statement there wa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »