DECRYPTION – The European semiconductor giant is suffering from a drying up of demand in China and among certain large customers.
L’« technical error » who revealed the figures by surprise only made their announcement more brutal. The quarterly results of the European semiconductor giant, ASML, published a few hours in advance, caused its capitalization to melt by 60 billion euros in two sessions. Unheard of in twenty-six years of listing for the Dutch champion. In its wake, most global sector values fell.
ASML occupies a strategic and quite unique place in the semiconductor value chain: it manufactures the machines used to etch advanced chips for industry on silicon. Its clients are the major semiconductor manufacturers: Intel, Samsung, TSMC… However, in the third quarter, ASML’s order book turned out to be half as full as expected, with 2.6 billion. euros instead of the expected 5 billion.
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