Globally critical chip firm ASML jumps 6% after earnings; sees limited impact from U.S. China curbs
ASML reported third-quarter revenue and earnings on Wednesday that topped analyst expectations, bucking the trend of a slowdown seen by other semiconductor companies.
Shares of chip firms have been battered this year amid a slowdown in growth among companies like Samsung and Micron as the semiconductor boom hits a wall. But the strong results from ASML bucked the broader market slowdown, sending shares more than 6% higher in morning trade.
ASML said it expects the direct impact from U.S. chip curbs on China to be “limited.”
(US.ASML)