Semiconductor giant ASML sees 2023 sales surge; says China revenue to be steady despite U.S. chip restrictions
- Dutch chip equipment maker ASML forecast a 25% jump in 2023 revenue.
- ASML CEO Wennink said China accounted for around 15% of sales in 2022 and will be at a "similar" amount this year, despite U.S. chip export restrictions.
- For the fourth quarter of 2022, ASML's net sales rose more than 29% to 6.4 billion euros ($7 billion).
- For the full year, net sales came in at 21.1 billion euros, a more than 13% year-on-year rise.
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Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice.
Emmanuel Dunand | AFP | Getty Images
Dutch chip equipment maker ASML forecast a jump in 2023 revenue as the semiconductor industry predicts there will be a reacceleration of growth in the second half of this year.
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