Dutch ASML reports good global demand for chips
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Today, the Dutch company ASML Holding, one of the world leaders in the market of photolithographic machines used in the production of chips, reported on results its operations in the first quarter. Net income was €2bn, almost triple the year-earlier figure, on a total revenue of €6.74bn (+91%). Indicators exceeded forecasts of analysts surveyed Refinitive and expected a net profit of approximately €1.6 billion, and revenues of €6.3 billion.
The company reported good demand for its products, which allowed it not only to maintain its second-quarter revenue guidance, but also to increase its dividend on shares by 5.5% for 2022. ASML also noted: “Demand this year exceeds our production capacity,” while adding that its inventory is currently valued at €39 billion.
Formerly ASML already predicted recovery in demand for microchips, which began to decline in the second half of last year and led to overproduction in the industry.
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