ASML Sees Signs of Rebound With Semiconductor Market at Nadir
- ‘Recovery is nascent,’ CFO Dassen says in firm’s annual report
- Demand for ASML products is a bellwether for chip industry
The ASML Holding NV headquarters in Veldhoven, Netherlands.
Photographer: Peter Boer/BloombergThis article is for subscribers only.
ASML Holding NV said the semiconductor market has reached its nadir and there are now are signs of a rebound.
“We believe that the market has now reached the lowest point of the dip,” ASML Chief Financial Officer Roger Dassen said in comments in the company’s 2023 annual report published on Wednesday. “Although we cannot predict the exact nature of the slope ahead, the recovery is nascent.”