Earnings

ASML Q3 earnings beat; sees limited impact on U.S. chip curbs on China

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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

Shares of ASML, one of the world’s most important companies in the semiconductor supply chain, jumped 6% on Wednesday after reporting strong earnings that bucked the trend of a slowdown in the chip industry.

The Dutch company also said that the latest export curbs on high-end chips to China would have a “limited” impact on its business.

ASML does not make chips. Instead, it sells $200 million extreme ultraviolet…



Source cnbc.com

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