Profits up 38 percent
Dutch supplier of computer chip making gear, ASML, said that its 2021 sales outlook has shot up by 40 percent amid the global computer chip shortage.
US leaning on the Dutch to prevent the Chinese from getting the tech
ASML has become a pawn in the game of thrones between China and the US.
ASML has extended a deal to sell chip manufacturing equipment to Semiconductor Manufacturing International China’s largest chipmaker, until the end of this year.
Double digit growth
Semiconductor equipment maker ASML posted a better than expected quarterly earnings and forecast a double-digit growth for next year on strong end-demand for electronics devices.
Trade relations between China and the Netherlands would be damaged if Dutch semiconductor equipment supplier ASML is not allowed to ship its newest machines to China, Beijing’s ambassador to the Netherlands warned.
No second half recovery this year
US chipmaker Broadcom warned a US-China trade conflict and export restrictions on Huawei were causing a worldwide slowdown in demand for chips.
Media made the wrong assumption
ASML denied any involvement by its top client Samsung Electronics Co Ltd in an intellectual property theft case between the Dutch chip equipment maker and a rival.
What was stolen was not a lithography blueprint
Dutch semiconductor equipment maker ASML admitted that a US software subsidiary was the victim of corporate theft several years ago, but denied that the information stolen was for a lithography machine.
As an expected trade war looms
Taiwan Semiconductor Manufacturing has reported a 0.9 percent fall in third quarter net profits.