ASML Stays Positive Despite Being Caught by U.S., China Rift
- Longer-term drivers for ASML, such as 5G, offer confidence
- Dutch firm produces extreme ultraviolet lithography equipment
Photographer: Bart van Overbeeke Fotografie/ASML Holding NV
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ASML Holding NV, a crucial supplier to Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co, is sticking to an optimistic outlook despite the pandemic and increasing tensions between China and the U.S.
The Dutch company, which produces extreme ultraviolet lithography equipment -- the machines used to make semiconductors -- met analyst expectations for the fourth quarter and will resume executing buybacks from this week. It expects a low double-digit growth for 2021, it said in a statement on Wednesday.