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China still ASML’s biggest market, but falling sales cause drop in profit
April 17, 2024, 3 p.m. | Ioanna Lykiardopoulou
The Next Web thenextweb.com
Amid the semiconductor industry’s slowdown and increasing geopolitical tensions, Dutch chip machine-maker ASML reported a decrease both in sales and profits. Europe’s most valuable tech company saw orders fall to €3.6bn in the first quarter of 2024, down from €9.2bn in the previous quarter. Its net profit also dropped to €1.2bn — a 37% decrease compared to Q4 2023. “We see 2024 as a transition,” ASML’s President and CEO Peter Wennink said in a statement. Wennink expects a stronger second …
asml china chip deep tech ecosystems europe first quarter geopolitical tensions industry machine maker market net profit orders profit profits sales semiconductor startups and technology tech
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