{"id":15341,"date":"2024-07-17T14:46:48","date_gmt":"2024-07-17T14:46:48","guid":{"rendered":"http:\/\/TheNextWeb=1408581"},"modified":"2024-07-17T14:46:48","modified_gmt":"2024-07-17T14:46:48","slug":"asml-orders-up-24-china-still-the-biggest-market-despite-restrictions","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=15341","title":{"rendered":"ASML orders up 24%, China still the biggest market despite restrictions"},"content":{"rendered":"\n
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While this year thus far has been less profitable for ASML, the tech<\/a> giant saw orders for its chip making machines increase again over the past three months.<\/p>\n

According to the company\u2019s earnings report for the second quarter of 2024, net bookings (i.e. orders) reached \u20ac5.6bn \u2014 rising over 24% year-on-year.<\/p>\n

A significant chunk consisted of orders for ASML\u2019s EUV machines, which accounted for \u20ac2.5bn. The Dutch company is the world\u2019s sole manufacturer of these Extreme Ultraviolet (EUV) lithography machines which produce the most high-end chips, such as the ones used for AI.<\/p>\n

The rise in EUV orders is in line with the growing demand<\/a> for AI<\/a> chips \u2014 also benefiting chipmakers<\/a> in the sector such as TSMC, ASML\u2019s biggest client. The company\u2019s sales in Taiwan, where TSMC is based, also increased from 6% to 11% between Q1 and Q2 2024.<\/p>\n

\u201cWe currently see strong developments in AI, driving most of the industry recovery and growth, ahead of other market segments,\u201d said ASML President and CEO Christophe Fouquet.<\/p>\n

Fouquet described 2024 as a \u201ctransition year,\u201d following the semiconductor industry\u2019s slowdown<\/a>, repeating what former President and CEO Peter Wennink said in the previous quarter.<\/p>\n

In Q2 of this year, ASML\u2019s net sales and net income were higher compared to Q1, reaching \u20ac6.2bn and \u20ac1.5bn, respectively. They fell, however, by 9.5% and 18.7% year-on-year.<\/p>\n

China remains ASML\u2019s biggest market in 2024<\/h2>\n

Much like in Q1<\/a>, China accounted for 49% of ASML\u2019s sales in Q2 of this year. That\u2019s despite the export restrictions<\/a> of all the EUV machines and a number of Deep Ultraviolet (DUV) machines, which use older chipmaking technology.<\/p>\n

With restricted access to advanced chipmaking tools \u2014 as part of a chip war<\/a> with the US (and its allies) \u2014 China is emerging as the dominating producer of legacy chips<\/a>, for use in electronic devices from home appliances to EVs.<\/p>\n

Just before ASML published its figures today, citing insider sources, Bloomberg reported<\/a> that the US is considering pressing its allies even further to prohibit maintenance<\/a> of machines already sold to China.<\/p>\n

In an interview<\/a> with Dutch radio station BNR two weeks ago, Peter Wennink said that the US-China chip war could last for \u201cdecades.\u201d<\/p>\n

How ASML\u2019s entanglement in the semiconductor geopolitics will impact the company will show in time. For now, the manufacturer expects a stronger second half of 2024, with Q3 net sales between \u20ac6.7bn and \u20ac7.3bn.<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

While this year thus far has been less profitable for ASML, the tech giant saw orders for its chip making machines increase again over the past three months. According to the company\u2019s…<\/p>\n","protected":false},"author":1,"featured_media":15342,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/15341"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15341"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/15341\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/15342"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}