ASML Profit Tops Expectations. It Sees a Chip Market Rebound.

ASML Sees Chip Market Rebound, Says China Controls Aren’t Hurting Business

by

ASML


Holding, a critical supplier to the global chip-making industry, said Wednesday that it expects to report more than 25% sales growth this year despite uncertainty in the semiconductor industry amid efforts by the U.S. to restrict China’s access to high-end technology. 

Dutch company ASML (ticker: ASML) supplies the “lithography” machines that are essential for manufacturing semiconductors, with customers including

Taiwan Semiconductor Manufacturing


(TSM),

Samsung Electronics


(005930.Korea), and

Intel


(INTC).