But it is still on the drawing board
Intel has placed the first order with ASML for an advanced chipmaking machine that is still on the drawing board and won't be delivered for years.
Better than expected fourth quarter
ASML forecast sales growth of 20 percent in 2022 despite a fire this month at its Berlin plant as the supplier to chipmakers on Wednesday reported better than expected fourth quarter profit.
Could make matters worse
ASML reported a fire at its factory in Berlin, Germany and while no one was hurt and the fire was put out there are fears that the incident could exacerbate the current global computer chip shortage.
Huge profits strong demand
ASML, which makes most of the world’s chip making equipment, has reported better profits than the cocaine nose jobs of Wall Street predicted.
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.