ASML Investors Eye Long Term as Stock Wavers on Chip-Sector Slump
- Chip machine maker has a dominant position, order backlog
- Demand timing is an issue with factory construction delayed
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Investors in Europe’s most valuable tech firm face near-term turbulence as ASML Holding NV contends with the impact of a semiconductor industry slowdown — but analysts say patience is expected to pay off in the long run.
The world’s only maker of machines needed to produce the most advanced chips crucial to everything from cars and smartphones to computers and airplanes, is seeing demand for its products outstrip its capacity to supply them.