ASML earnings report Q3 2023


Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice.

Emmanuel Dunand | AFP | Getty Images

Chip equipment firm ASML reported a year-on-year rise in profit in the third quarter and beat analyst estimates, but forecast 2024 revenue will be flat.

ASML is one of the most important semiconductor firms in the world, producing tools known as extreme ultraviolet lithography machines, which are required to manufacture the most advanced chips globally.

ASML shares were down nearly 4% just after 8 a.m. London time, as…

Source cnbc.com

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