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ASML, Europe's largest technology firm, reported lower-than-expected orders and warned of flat sales next year as customers conserve cash against an uncertain economic backdrop. The semiconductor equipment maker's cautious outlook comes as chip manufacturers remain uncertain about the timing of the recovery in semiconductor demand. ASML's third-quarter net profit was $2 billion, and it expects 2024 sales to be flat. Lam Research, another chipmaking equipment company, also experienced a decline in revenue for the third straight quarter, indicating sluggish demand. ASML's forecast and Lam Research's revenue decline highlight the challenges faced by the chipmaking equipment industry amid the uncertain economic outlook.
Europe's largest technology firm ASML said 2024 could be a year of 'transition' https://t.co/aCXmQoyOXz https://t.co/pEm7pfVhnI
Semiconductor equipment maker ASML reported lower-than-expected orders and cautioned of stagnant sales in the coming year https://t.co/aCXmQozmN7 https://t.co/PWtN5ei1rq
Lam Research forecasts revenue below estimates despite China business boom https://t.co/puZKofKdS3 https://t.co/QkWT9iMYCq
Lam Research fell in late trading after revenue fell for a third straight quarter, a sign demand for chipmaking equipment remains sluggish https://t.co/zNL66dXPGr
Lam Research fell in late trading after revenue fell for a third straight quarter, a sign demand for chipmaking equipment remains sluggish https://t.co/yj4Yt58SZr
Europe's largest technology firm ASML said the company expects flat sales next year as customers conserve cash amid an uncertain economic outlook https://t.co/Aeb9Gm9Thz https://t.co/vw4C2F7Hyy
Europe's largest technology firm ASML said the company expects flat sales next year as customers conserve cash amid an uncertain economic outlook https://t.co/aCXmQoyOXz https://t.co/qNzPb2oB4Q
Semiconductor equipment maker ASML reported lower-than-expected orders and warned of flat sales next year as customers conserve cash against an uncertain economic backdrop, hitting its shares https://t.co/Aeb9Gm9Thz https://t.co/f4awJ7c6u8
Semiconductor equipment maker ASML reported lower-than-expected orders and warned of flat sales next year as customers conserve cash against an uncertain economic backdrop, hitting its shares https://t.co/aCXmQozmN7 https://t.co/HnxfZ4ch0T
ASML forecast flat revenue for 2024 as chip manufacturers are uncertain about the timing of the recovery in semiconductor demand. https://t.co/8EhjxEgdK4
ASML reports third-quarter net profit of $2 bln, sees 2024 sales flat https://t.co/95RNvwNyVX https://t.co/8uc2oHCEPm