financetom
Technology
financetom
/
Technology
/
ASM International reaffirms outlook despite new US export restrictions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
ASM International reaffirms outlook despite new US export restrictions
Dec 4, 2024 12:10 AM

Dec 4 (Reuters) - Dutch semiconductor equipment maker

ASM International NV said on Wednesday that the new

U.S. export controls were largely in line with its earlier 2025

outlook, based on a preliminary analysis.

The U.S. government announced updated export regulations on

Monday, including new restrictions on semiconductor equipment

applications to China.

ASM's larger peer ASML has also said the new restrictions

were unlikely to impact its most recent financial guidance.

ASM reaffirmed its revenue goal of between 3.2 billion and

3.6 billion euros ($3.4 billion and $3.8 billion) for 2025.

For the first half of next year, it sees a further moderate

sales decline in China compared to the latter half of 2024. It

also expects full-year 2025 sales in China to fall year-on-year.

"We expect ASM's China equipment sales as a percentage of

total ASM sales to be in a range of low to high 20s percentage,"

the company said in a statement.

($1 = 0.9508 euros)

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 >
Copyright 2023-2025 - www.financetom.com All Rights Reserved