ASML Faces a Much Bigger Problem Than a Chip Glut
A looming shortage of semiconductor engineers is about to engulf the industry, giving the Dutch company a much broader challenge than supply chain and accounting details.
For ASML and others in the semiconductor industry, it’s going to come down to the talent.
Photographer: Jasper JuinenConcerns about a global chip glut leading to a slowdown in the sector are well founded. But that’s not the biggest problem facing Dutch semiconductor-equipment maker ASML Holding NV right now.
Revenue for the June quarter of 5.43 billion euros ($5.6 billion) was slightly ahead of estimates, but that was already muted after the company gave a weaker-than-expected outlook three months ago. The real news is that its third-quarter guidance is almost 20% below analyst estimates and it halved the full-year growth outlook to 10% from 20%.