financetom
Business
financetom
/
Business
/
ASM International says it started manufacturing tools in the U.S.
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
ASM International says it started manufacturing tools in the U.S.
May 25, 2025 10:03 PM

April 30 (Reuters) - Dutch chip-making equipment

supplier ASM International has started local

production of tools for U.S. chipmakers in response to the U.S.

tariffs backdrop, its Chief Executive said on Wednesday.

"We've already started to manufacture some of the tools for

our customers in the U.S., just to get us started," CEO Hichem

M'Saad said a day after the company reported quarterly earnings.

"I think that our global installed base, our global

infrastructure, allows us to really have manufacturing in many

places - and Phoenix, Arizona, is one of them."

ASM is the most exposed to the U.S. market among European

peers such as ASML or BESI, with U.S. sales

accounting for 21% of its revenue last year.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
DeFi Development Invests in Flora Growth's ZeroStack Rebrand
DeFi Development Invests in Flora Growth's ZeroStack Rebrand
Sep 22, 2025
06:04 AM EDT, 09/22/2025 (MT Newswires) -- DeFi Development ( DFDV ) said Monday it contributed Solana in exchange for a convertible note in a private placement with Flora Growth ( FLGC ) , which plans to rebrand as ZeroStack. The convertible note pays 8% annual interest in Solana, the company said. DeFi Development ( DFDV ) also acquired an...
Meta's AI system Llama approved for use by US government agencies
Meta's AI system Llama approved for use by US government agencies
Sep 22, 2025
WASHINGTON (Reuters) -U.S. government agencies will be able to use Meta Platforms' ( META ) artificial intelligence system Llama, a senior administration official said, as the Trump administration pushes to integrate commercial AI tools into government operations. The General Services Administration, the government's purchasing arm, will add Llama to its list of approved AI tools for federal agencies, said Josh...
Google seeks to avoid ad tech breakup as antitrust trial begins
Google seeks to avoid ad tech breakup as antitrust trial begins
Sep 22, 2025
* DOJ seeks to make Google sell its ad exchange, AdX * Google proposes policy changes instead * Trial part of broader US crackdown on Big Tech By Jody Godoy ALEXANDRIA, Virginia, Sept 22 (Reuters) - Alphabet's Google will seek to avoid a forced sale of part of its online advertising business in its latest face-off with U.S. antitrust enforcers...
US court weighs Trump halt on Rhode Island offshore wind project
US court weighs Trump halt on Rhode Island offshore wind project
Sep 22, 2025
Sept 22 (Reuters) - A federal judge on Monday will consider a request by Danish offshore wind developer Orsted to restart work on the nearly finished Revolution Wind project, which President Donald Trump's administration halted last month. Orsted and its joint venture partner Skyborn Renewables are asking Judge Royce Lamberth of the U.S. District Court in Washington to grant a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved