ASML reported a profit decline in the third quarter, but beat estimates as it forecast 2024 revenue will be flat.
The Dutch firm has also been caught up in the tensions over technology between the U.S. and China because of how important its tools are.Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice.
Wennink added that the company is taking a more "conservative view" of 2024 and expects a revenue number similar to 2023.
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