ASML orders rise despite weak demand
rose in the second quarter as demand for its chip-making machines is picking up, signalling optimism that a slump in the semiconductor industry may be nearing an end.ASML
The company raised its full-year guidance, and now expects net sales in 2023 to grow toward 30%, CEO Peter Wennink said in the statement.ASML, which is the leading producer of the lithography equipment needed to produce semiconductors for the most advanced smartphones and computers, said total demand continues to outstrip capacity for its machinery.
Last week, ASML said it plans to slow hiring this year amid the downturn in the chip industry, after it added 10 000 employees in 2022.ASML has also been impacted by the US bid to curb exports of cutting-edge technology to China, its third-biggest market.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
10 of the best: TechCentral Show highlights from H1 2023 - TechCentralThe TechCentral Show has had a strong start to the year. Don't miss our selection of 10 of the top recent episodes.
Read more »
Warning of powerful solar flares on Monday - TechCentralPowerful solar flare activity is forecast for Monday which may interfere with shortwave communications.
Read more »
Tesla builds first Cybertruck after two years of delays - TechCentralTesla built its first Cybertruck, the company said in a tweet on Saturday, after two years of delays.
Read more »
Microsoft signs deal to keep Call of Duty on PlayStation - TechCentralMicrosoft has signed an agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard.
Read more »
The time an Italian phone company tried to buy Apple - TechCentralIt’s not a misprint. Telecom Italia, Italy’s beleaguered former telephone monopoly, once pitched a plan to buy Apple.
Read more »
Forget Siri and Alexa, here come the AI helpers - TechCentralAround a decade after Siri and Alexa burst onto the scene, a new wave of AI helpers with greater autonomy is raising the stakes.
Read more »