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ASML Beats Estimates, Grapples With Chip Supply Shortage

  • Dutch company dominates global share in EUV equipment
  • Artificial intelligence, 5G set to underpin longer-term demand
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ASML CEO Peter Wennink says the chip industry needs to “step up.”(Source: Bloomberg)
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ASML Holding NV, a crucial supplier to Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co, beat analyst expectations for the first quarter and is planning a significant share buyback in the first quarter, with U.S.-China tensions doing little to disrupt strong demand.