Connect with us

Hi, what are you looking for?

Stock

ASML sees around $2.3 billion of sales in China in 2021, 2022

Stock Markets17 minutes ago (Nov 18, 2021 10:11AM ET)

(C) Reuters. FILE PHOTO: ASML’s logo is seen on the day of the presentation of the 2011 fourth quarter and annual results in Veldhoven January 18, 2012. REUTERS/Robin van Lonkhuijsen/United Photos/File Photo

AMSTERDAM (Reuters) -Dutch semiconductor equipment maker ASML said on Thursday the company sees demand for its products remaining strong in China, with around 2 billion euros ($2.3 billion) in sales in 2021.

Chief Financial Officer Roger Dassen said ASML, which is currently operating at full capacity amid the global semiconductor shortage, thinks it will have a similar level of sales in China in 2022.

“I expect that sales into domestic China will be a little in excess of 2 billion (euros) this year,” he said, distributed between logic and memory chip customers.

“For next year I wouldn’t expect a dramatic increase in that number, but we would expect that number to be sustained, so also next year pretty strong sales.”

ASML is the dominant maker of lithography systems, technology used to create the circuitry of computer chips.

Due to U.S. government military concerns, the allied Dutch government has not granted ASML permission to ship its most advanced tools to China. However, Chinese companies are major buyers of ASML’s earlier generation products and China is the company’s third-largest market, behind Taiwan and South Korea.

In a reference to discussions in U.S. policy circles about whether lithography sales to China should be further restricted, Dassen said that would not impact ASML immediately.

“If for whatever reason, something were to happen on the China front, for instance more stringent regulation … in all likelihood that demand would be hoovered up someplace else,” he said.

He said ASML was weighing how much extra capacity the company would need to meet increased demand for its products as a result plans by the United States, European Union and other governments to increase regional semiconductor manufacturing capacity due to strategic considerations.

Dassen was speaking at the Morgan Stanley (NYSE:MS) TMT conference.

($1 = 0.8824 euros)

ASML sees around $2.3 billion of sales in China in 2021, 2022

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

World News

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered...

World News

George Soros and Bill Gates are part of a consortium acquiring a British developer of rapid-testing technology, including for Covid-19 and tropical diseases,...

Tech

If you parked your car in one of the thousands of parking spots across Calgary, there’s a good chance you paid the Calgary Parking...

Investing

ForexMay 27, 2021 02:04AM ET (C) Reuters. By Peter Nurse Investing.com — The dollar edged higher in early European trade Thursday, finding support from...

Disclaimer: Yourmorningvoice.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. Copyright © 2021 Your Morning Voice. All Rights Reserved