ASML Expects Flat 2024 Sales Amid Semiconductor Industry Uncertainty
- ASML does not anticipate short-term financial impact from US export restrictions on China.
- The company reported a rise in Q3 profit but warned 2024 sales will be flat due to market uncertainty.
- ASML CEO remains confident in strong demand from China despite new export rules impacting 15% of sales.
- TSMC beat Q3 profit expectations but saw a 25% drop in net income year-over-year.
- Chip equipment supplier Lam Research forecasts lower-than-expected Q2 revenue amid weak consumer electronics demand.
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