ASM: Stable revenue in the first half of the year, and sales in China will still be at a relatively high level
Semiconductor equipment manufacturer ASM International (ASM) reported fourth quarter revenue of 6329 million euros (686 million US dollars), slightly lower than the 724.8 million euros in the same period last year, but also slightly higher than the average analyst forecast of 626.3 million euros in the LSEG survey within the company's forecast range of 600-64 million euros.
Thanks to the promotion of GAA technology and sustained demand in the Chinese market, ASM's new orders in the fourth quarter reached 677.5 million euros, higher than the 627.4 million euros in the third quarter.
Some of the largest industry names and ASM clients, such as Intel and TSMC, plan to adopt GAA technology as they compete to meet the global demand for cutting-edge chips that power everything from cars to computers and smartphones.
ASM expects its revenue to remain stable in the first half of 2024, with revenue expected to range from 600 to 640 million euros in the first quarter of 2024, lower than analysts' previous estimate of 6.43 euros. ASM also expects to reach a similar level in the second quarter.
ASM stated that sales in China in the first half of this year should still be at a relatively high level.
ASM stated that even if the overall semiconductor market recovers, the "weak state" of the wafer production equipment market has affected the company's profits in the last quarter of last year and will continue until the beginning of this year.
ASM predicts that revenue in the second half of this year will be higher than in the first half, but it is still too early to provide more specific forecasts for the second or full year.
Some of the largest industry names and ASM clients, such as Intel and TSMC, plan to adopt GAA technology as they compete to meet the global demand for cutting-edge chips that power everything from cars to computers and smartphones.
ASM expects its revenue to remain stable in the first half of 2024, with revenue expected to range from 600 to 640 million euros in the first quarter of 2024, lower than analysts' previous estimate of 6.43 euros. ASM also expects to reach a similar level in the second quarter.
ASM stated that sales in China in the first half of this year should still be at a relatively high level.
ASM stated that even if the overall semiconductor market recovers, the "weak state" of the wafer production equipment market has affected the company's profits in the last quarter of last year and will continue until the beginning of this year.
ASM predicts that revenue in the second half of this year will be higher than in the first half, but it is still too early to provide more specific forecasts for the second or full year.