ASM International reaffirms outlook despite new US export restrictions – ThePrint – ReutersFeed

(Reuters) -Dutch semiconductor equipment maker ASM International NV said on Wednesday that the new U.S. export controls were largely in line with its earlier 2025 outlook, based on a preliminary analysis.

The U.S. government announced updated export regulations on Monday, including new restrictions on semiconductor equipment applications to China.

ASM’s larger peer ASML has also said the new restrictions were unlikely to impact its most recent financial guidance.

ASM reaffirmed its revenue goal of between 3.2 billion and 3.6 billion euros ($3.4 billion and $3.8 billion) for 2025.

For the first half of next year, it sees a further moderate sales decline in China compared to the latter half of 2024. It also expects full-year 2025 sales in China to fall year-on-year.

“We expect ASM’s China equipment sales as a percentage of total ASM sales to be in a range of low to high 20s percentage,” the company said in a statement.

($1 = 0.9508 euros)

(Reporting by Leo Marchandon in Gdansk Editing by Louise Heavens and Milla Nissi)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Todays Chronic is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – todayschronic.com. The content will be deleted within 24 hours.

Leave a Comment