ASML, a Dutch semiconductor company, has projected a recovery in the semiconductor industry despite a disappointing first quarter. The company's CEO stated that 2024 is seen as a transition year with expectations of a stronger second half, aligning with the industry's recovery. This comes as orders for ASML's high-end EUV machines have declined, with major chipmakers in Taiwan and South Korea pausing purchases of these machines. Concurrently, TSMC, another semiconductor giant, reported a significant loss of $92.4 million due to a recent earthquake in Taiwan and has downgraded its global chip market outlook for 2024, leading to a drop in its Taipei-listed shares by up to 7%.
Semiconductor giant TSMC scaled back its outlook for a chip market expansion, cautioning that the smartphone and personal-computing markets remain weak. https://t.co/2eT72jrvvA
TSMC's shares slide nearly 7% in Taipei on global chip outlook concerns https://t.co/OCQ8w2kT7g https://t.co/Wqx4dtUz61
TSMC Shares Fall After Downgrading 2024 Global Chip Outlook https://t.co/xKceVHMKFn
#TSMC SHARES DROP AS MUCH AS 6.1% AFTER LOWERING MARKET OUTLOOK.
TSMC's Taipei-listed shares drop 4% after Q1 results https://t.co/40bp1PCJ4h https://t.co/NrsVZ9YDiu
⚠️ TSMC'S TAIPEI-LISTED SHARES DROP 4% AFTER Q1 RESULTS Full Story → https://t.co/SPchNksUSH https://t.co/Rrvsk47rNa
Despite TSMC's strong financials for Q1, the company's shares took a hit after company executives said the overall global chip market is in for a rough ride this year. https://t.co/bK9eT6VHFN
TSMC estimates losses of $92.4 million due to Taiwan earthquake https://t.co/m3i9GEmbII
Dutch semiconductor giant ASML blames "transition year" for missed targets. https://t.co/fOmDkiu4VL
ASML Orders Plunge as Chipmakers Pause High-End Gear Purchases - Taiwan, South Korean chipmakers held off buying EUV machines - Outlook in 2024 unchanged with a stronger second half expected Source: Bloomberg https://t.co/UFEOmlOrQC
ASML CEO: "Our outlook for FY 24 is unchanged, with the second half of the year expected to be stronger than the first half, in line with the industry's continued recovery from the downturn. We see 2024 as a transition year" $ASML https://t.co/vv7IM279YQ
ASML forecasts semiconductor rebound after first quarter disappoints https://t.co/4IVJCvGOgS