ASML profit beats despite Berlin fire; sees 20per cent sales growth in 2022

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

AMSTERDAM :ASML Holding NV, a key supplier to computer chip makers, on Wednesday reported better-than-expected fourth-quarter earnings of 1.77 billion euros ($2.01 billion) and said it expected sales growth of 20per cent in 2022.'The expected impact of the fire in part of a building at our Berlin site is incl

AMSTERDAM :ASML Holding NV, a key supplier to computer chip makers, on Wednesday reported better-than-expected fourth-quarter earnings of 1.77 billion euros and said it expected sales growth of 20per cent in 2022.

"Based on our current insights, we believe we can manage the consequences of this fire without significant impact on our system output for 2022." ASML is trying to expand production as its customers, which include TSMC, Samsung Intel, invest heavily in new capacity to try to ease a global semiconductor shortage.

The lower number comes amid some of its systems being shipped to customers before they have gone through final testing, which means 2 billion euros in extra revenue will be recognised in future quarters, it added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASML Q4 earnings seen up 12per cent, eyes on Berlin fire impactAMSTERDAM : ASML Holding NV, a key supplier to computer chip makers, is expected to report a 12per cent increase in quarterly net profit on Wednesday and update customers on whether a fire at its factory in Berlin could affect production plans.Analysts are expecting ASML, Europe's largest technology compa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Daimler Truck sees 20per cent sales growth in 2021Newly spun-off commercial vehicle maker Daimler Truck sold 455,000 units in 2021, the company reported on Tuesday, a fifth more than last year but still 13per cent below pre-pandemic levels. Supply chain bottlenecks slowed production particularly in the second half in the United States and Europe, the com
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

ASML Q4 earnings seen up 12per cent, eyes on Berlin fire impactAMSTERDAM : ASML Holding NV, a key supplier to computer chip makers, is expected to report a 12per cent increase in quarterly net profit on Wednesday and update customers on whether a fire at its factory in Berlin could affect production plans.Analysts are expecting ASML, Europe's largest technology compa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Indonesia govt sees Q4 GDP growth at around 5per centJAKARTA : Indonesia's annual economic growth in the fourth quarter is seen around 5per cent, which will take last year's growth to 4per cent, finance minister, Sri Mulyani Indrawati, told a parliamentary hearing on Wednesday.Sri Mulyani said economic indicators have improved in the October-December quarte
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »


Source: BusinessTimes - 🏆 15. / 51 Read more »

China records 8.1 per cent growth in 2021, but analysts say recovery has been lacklustre
Source: STForeignDesk - 🏆 4. / 71 Read more »