Chip firm posts 38% rise in profit


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

ASML, one of the world’s most important semiconductor equipment firms, posted a jump in revenue and profit in the second quarter, but warned of macroeconomic “uncertainties” ahead.

The Dutch company makes expensive machines that are required to manufacture the world’s most advanced chips. It counts giants like TSMC, the world’s biggest contract semiconductor maker, among its customers.

But ASML has also been caught in…

Source cnbc.com

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