ASML logo is seen in this illustration taken February 28, 2022. REUTERS/Dado Ruvic/Illustration, a key supplier to computer chip makers, on Wednesday reported first quarter earnings that beat expectations, as customers received its products at swift clip despite signs of weakness in end markets.
Analysts had forecast net profit of 1.62 billion euros on revenue of 6.31 billion euros, according to Refinitiv data.
ASML is a key player in chip making technology. In upcoming years its growth will double year on year due to more countries entering to chip building. But they should provide equipments to china too. There should be no restrictions for any country.
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