In spite of U.S. chip bans, ASML continues to be enthusiastic about China.
- 5 tháng trước
As chipmakers in the nation rushed to purchase equipment before any additional export bans from the Netherlands or the United States went into place, ASML's sales to China increased dramatically between July and September.
The Dutch supplier to the semiconductor sector predicted that moving forward, 10% to 15% of its existing shipments to China would be subject to the new U.S. limitations, but it expressed continued confidence in Chinese demand.
China accounted for 46% of total revenue for the three months, with the world's most valued chip tool maker selling 2.44 billion euros ($2.58 billion) there, nearly double the amount it sold in the previous quarter. Only 24% of ASML's overall sales in the April–June quarter came from China, which lagged Taiwan and South Korea as the company's two biggest export markets.
Before the company's earnings call on Wednesday, ASML Chief Financial Officer Roger Dassen noted in a video interview that it was "fair to recognize that most of the shipments that happened in this quarter are based on [orders] that we already had in 2022 and even the year before." "We notice certain changes in the timing of demand, and this actually enables our Chinese customers to fill orders at a higher rate. That is just what is taking place right now. Thus, China has a bigger volume whereas other consumers have a lesser volume.
The Dutch supplier to the semiconductor sector predicted that moving forward, 10% to 15% of its existing shipments to China would be subject to the new U.S. limitations, but it expressed continued confidence in Chinese demand.
China accounted for 46% of total revenue for the three months, with the world's most valued chip tool maker selling 2.44 billion euros ($2.58 billion) there, nearly double the amount it sold in the previous quarter. Only 24% of ASML's overall sales in the April–June quarter came from China, which lagged Taiwan and South Korea as the company's two biggest export markets.
Before the company's earnings call on Wednesday, ASML Chief Financial Officer Roger Dassen noted in a video interview that it was "fair to recognize that most of the shipments that happened in this quarter are based on [orders] that we already had in 2022 and even the year before." "We notice certain changes in the timing of demand, and this actually enables our Chinese customers to fill orders at a higher rate. That is just what is taking place right now. Thus, China has a bigger volume whereas other consumers have a lesser volume.