Louis Goss is a MarketWatch reporter based in London.
Investors will be closely eyeing the outlook for ASML Holding, the Dutch multinational that makes the machines used to manufacture semiconductors, as the tech giant faces worries ranging from sanctions on China to fears of a glut in demand for microchips.
In Its upcoming third quarter results, ASML is now expected to post sales worth €6.74 billion , according to data from 22 analysts compiled by FactSet. If realized, the sales estimates would mark a 16.5% increase compared to the third quarter of 2022. Liberum’s analysts said demand for ASML’s deep ultraviolet tools is expected to remain strong due to continued demand from Chinese electric vehicle manufacturers. They noted sales of ASML’s more advanced extreme ultraviolet are expected to be lower this year.
The concerns follow the striking of a deal between the U.S. and the Netherlands in January, which saw the Dutch government agree to introduce new rules the following September that block firms, including ASML, from exporting their manufacturing equipment without a permit.
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