0935 GMT - ASML Holding can expect a significant volume of orders from Taiwan Semiconductor Manufacturing Co. in the coming quarters since it hasn't placed many for a few months now due to a weak recovery in the semiconductor market, Berenberg's Tammy Qiu writes in a research note. Qiu also expects order momentum from Intel to continue as it looks to compete with TSMC with its 18A process technology. ASML's 1Q orders slipped to EUR3.61 billion from EUR3.75 billion a year earlier against a Visible Alpha forecast of nearly EUR5.10 billion. However, this doesn't indicate that the Dutch semiconductor-equipment maker won't be able to achieve its 2025 revenue guidance since orders can vary a lot by quarter, Qiu says. ASML shares trade 0.1% higher at EUR852.60. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
April 18, 2024 05:35 ET (09:35 GMT)
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