ASML Orders Dive as Chipmakers Pause High-End Gear Purchases

Taiwan, South Korean chipmakers held off buying EUV machines
Outlook in 2024 unchanged with a stronger second half expected

WATCH: Order bookings at ASML Holding NV were €3.6 billion ($3.8 billion) in the first quarter, compared with an average of €4.63 billion ($4.9 billion) by analysts surveyed by Bloomberg. David Watkins reports.Source: Bloomberg

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By Cagan Koc

April 17, 2024 at 5:16 AM UTC

Updated on

April 17, 2024 at 1:00 PM UTC

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ASML Holding NV posted orders that fell short of analysts’ expectations, as Taiwanese and South Korean chipmakers held off buying the Dutch firm’s most advanced machines.

Bookings at Europe’s most valuable technology firm fell 61% in the first quarter from the previous three months to €3.6 billion ($3.8 billion), missing estimates of €4.63 billion.