January 25, 2023

ASML Profit Tops Expectations, Sees a Chip Market Rebound. Stock Slips.

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).

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