ASML [CEO] said he expects the chip market’s long-awaited recovery will extend “well into 2025,” following disappointing third-quarter earnings that sparked a broad selloff across the semiconductor industry.
Slow recovery in demand has led to “customer cautiousness and some push-outs in their investments.”
That’s led ASML to slash its earnings guidance, even as [the CEO] said the artificial intelligence boom, energy transition and electrification continue to provide strong upside.
[ASML], which makes the world’s most advanced chipmaking machines, has shed over €60 billion ($65 billion) in value since it reported bookings that were less than half of what analysts expected on Tuesday.
ASML CEO Sees Slow Chip Recovery Extending ‘Well Into 2025’
