"ASM International, based in the Netherlands, has lowered its revenue forecast. Its share price fell by almost 6 percent. However, ASM is sticking to its prediction of achieving revenue of more than €5.7 billion by 2030. This will require annual growth of 12 percent. Customers losing ground in AI race The Dutch company attributes the setback to lower-than-expected demand for equipment for the production of advanced chips. Orders for ASM's chip machines have lagged behind after key customers lost ground in the artificial intelligence market"
"Intel, a major customer of ASM, has adopted a more cautious spending policy despite attracting investors. In July, the company announced that it was canceling several factory projects. Such a retreat by a chip manufacturer affects not only ASM but also other deep tech players in the Netherlands, such as packaging specialist Besi from Duiven and Nearfield Instruments from Rotterdam."
ASM International lowered its near-term revenue forecast and saw its share price fall almost 6 percent after orders for its advanced chip-production equipment lagged. The company is maintaining a target of more than €5.7 billion in revenue by 2030, which requires about 12 percent annual growth. ASM blames weaker demand on key customers losing ground in the artificial intelligence market, citing cautious spending by Intel and canceled factory projects. The company expects 2025 revenue growth at the lower end of a 10–20 percent range, warns of a Q4 downturn, and forecasts H2 2025 revenue 5–10 percent below H1. Shares dropped to €471.10, down roughly 15 percent year-to-date.
Read at Techzine Global
Unable to calculate read time
Collection
[
|
...
]