Critical chip firm ASML posts quarterly bookings surge on heated AI demand
Summary
A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024. Dutch semiconductor equipment maker ASML on Wednesday reported better-than-expected net sales and profit results for the fourth quarter. ASML suffered losses during a global tech sell-off earlier in the week after the rollout of Chinese startup DeepSeeks low-cost AI language model. This could hit demand for ASMLs high-precision extreme ultraviolet (EUV) machines, which are used to print the most advanced microchips. EUV tools accounted for 3 billion euros of ASMLs fourth-quarter net bookings.
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