ASML Shares Decline on Concerns About Chip Market Outlook
- Company forecast second-quarter sales that beat estimates
- First-quarter bookings dropped in line with chip-market slump
ASML Holding NV shares fell in Amsterdam trading on concerns that falling demand in the broader semiconductor industry would have a long-term impact on its results.
“We continue to see mixed signals on demand from the different end-market segments as the industry works to bring inventory to more healthy levels,” Chief Executive Officer Peter Wennink said in the company’s earnings statement on Wednesday. “The overall demand still exceeds our capacity for this year and we currently have a backlog of over €38.9 billion ($42.6 billion).”
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ASML Shares Decline on Concerns About Chip Market Outlook