ASM Shares Rise After Strong Demand From China Boosted Orders
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ASM International NV shares rose Wednesday after first-quarter orders beat estimates, fueled by high demand for chipmaking equipment in artificial intelligence-linked segments and solid sales in China.
Orders rose 14% from a year earlier at constant currency to €834 million ($951 million) in the three months through March, ASM said in a statement on Tuesday. That compares with the average analyst estimate of €808 million, according to data compiled by Bloomberg.