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7.11743772241346E-05 -7.11743772241346E-05 -0.000427046263345212 -0.000498220640569346 0.00128113879003564 0.00156583629893238 0.00163701067615651 0.00213523131672606
Stock impact report

Dutch semiconductor giant ASML blames ‘transition year' as high-end chip demand slumps and China export ban kicks in [Fortune]

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm Check Earnings Report
Company Research Source: Fortune
Bookings at Europe's most valuable technology firm were €3.6 billion ($3.8 billion) in the first quarter, compared with estimates of €4.63 billion. In the fourth quarter, the company had reported a record €9.19 billion of new orders. ASML's shares fell as much as 6.4% in Amsterdam on Wednesday. ASML, the world's sole producer of equipment needed to make the most advanced chips, saw a slump in demand for its top-end extreme ultraviolet machines, with orders plunging to €656 million in the period from €5.6 billion in the previous quarter. The company is expecting weaker-than-expected sales in the second quarter before demand starts to pick up. “Our outlook for the full year 2024 is unchanged, with the second half of the year expected to be stronger than the first half, in line with the industry's continued recovery from the downturn,” Chief Executive Officer Peter Wennink said in a statement Wednesday. “We see 2024 as a transition year.” ASML sees sales in the current quarter b Show less Read more
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