0937 GMT - ASML Holding's order intake in the first quarter was so low that there was virtually no meaningful demand from key customers like Taiwan Semiconductor Manufacturing Co. or Intel, but these chip makers are expected to place orders before the end of the year, Citi analysts write in a note to investors. "Both of these have yet to order for their 2025 needs, so we do expect them to order in the coming 6 months," they say. Commentary from ASML management that the Dutch semiconductor-equipment maker should achieve revenue of up to EUR40 billion next year remains convincing, the analysts say. ASML shares trade 0.1% higher at EUR852.80. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
April 18, 2024 05:40 ET (09:40 GMT)
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