ASML Profit Tops Expectations. It Sees a Chip Market Rebound.

[] 4 days ago by Adam Clark

Updated Jan. 25, 2023 4:49 am ET / Original Jan. 25, 2023 4:15 am ET

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ASML Holding, a critical supplier to the global chip-making industry, said Wednesday that it expects to report more than 25% sales growth this year despite uncertainty in the semiconductor industry, after it beat analysts’ expectations for its fourth-quarter profit. 

Dutch company ASML (ticker: ASML) supplies the ‘lithography’ machines that are essential for manufacturing semiconductors, with customers including Taiwan Semiconductor (TSM), Samsung (KRX) and Intel (INTC).