0816 GMT - Despite ASM International's strong finish to 2023, the company guided for a conservative start to 2024 before an anticipated 2H recovery, Citi analysts say in a note. Still, the Dutch supplier to semiconductor manufacturers has reiterated its EUR3.0 billion to EUR3.6 billion 2025 revenue target, with the ramp up of its gate-all-around, or GAA, chip making technology and silicon-carbide growth supportive of its medium-to-long term target, the analysts say. For this year however, current consensus would require a significant revenue bump in the second half and will be challenging for shares, "which while doable as the cycle turns and GAA demand increases, does leave some uncertainty," the analysts say. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
February 28, 2024 03:16 ET (08:16 GMT)
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