ASML Bookings Plunge 42% Amid Continued Slump in Chip Sector
- Bookings fell to €2.6 billion last quarter, missing estimates
- China sales accounted for nearly half of revenue in the period
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ASML Holding NV orders plunged in the third quarter amid a sector-wide slump in the semiconductor industry that has left the company increasingly reliant on revenue from China.
Bookings fell 42% to €2.6 billion ($2.8 billion) in July through September from the previous quarter, ASML — the only producer of the lithography equipment needed to make the world’s most advanced semiconductors — said in a statement Wednesday. That compares with an average estimate of €4.5 billion among analysts polled by Bloomberg.