Benzinga
  • 11 months ago
ASML beat expectations for fourth-quarter net sales at $7.82 billion and net profit at $2.23 billion. CEO Peter Wennink stated that while the company anticipates revenues in 2024 to mirror those of 2023, they are preparing for substantial growth expected in 2025. ASML is a key player impacted by US-China tech tensions, as its lithography systems are required for advanced chip production. The Dutch government recently revoked export licenses for some mid-range ASML systems to China.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 ASML beat expectations for fourth quarter net sales at $7.82 billion
00:06 and net profit at $2.23 billion. CEO Peter Wenick stated that while the company anticipates revenue
00:13 in 2024 to mirror those of 2023, they are preparing for substantial growth expected in 2025.
00:19 ASML is a key player impacted by US-China tech tensions, as its lithography systems are required
00:26 for advanced chip production. The Dutch government recently revoked export licenses for some mid-range
00:31 ASML systems to China. Export restrictions are estimated to impact 10 to 50 percent of
00:37 ASML's China sales. For all things money visit Benzinga.com

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