No export to China: ASML is not allowed to deliver the most modern equipment to the People’s Republic.
(Image: via REUTERS)
Munich, Brussels ASML’s order books are full: In the third quarter, the chip manufacturers ordered equipment worth 8.9 billion euros from the Dutch machine builder, a new record. Europe’s most valuable tech group now has orders worth 38 billion euros on its books, ASML reported on Wednesday. Chief Financial Officer Roger Dassen spoke of a “strong quarter”.
Investors are relieved: the share price rose by more than seven percent in Amsterdam on Wednesday. Despite all the odds, it was a good third quarter, said UBS analyst Francois-Xavier Bouvignies. Previously, however, the paper had lost around half of its value since the beginning of the year.
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