Reuters
ASML reports strong Q3, says it is not hit by U.S. China sanctions
AMSTERDAM (Reuters) -ASML Holding NV, a key equipment supplier to computer chip manufacturers, on Wednesday reported better-than-expected third-quarter sales and profit and record new bookings, and said it does not expect a large impact from U.S. sanctions on China. ASML, Europe’s largest technology company, makes lithography systems, large machines that cost up to $160 million each and are used by chipmakers such as Taiwan Semiconductor (TMSC), Samsung and Intel to create the circuitry of computer chips. It is currently unable to keep up with demand from these companies as they seek to build new manufacturing plants, and with ASML’s backlog now at more than 30 billion euros, ASML is seeking to expand its own production capacity by 2025.
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