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ASML slams brakes on mass recruitment as demand for chips slows

• hunglee2 3y ago
  “The industry has strong long-term growth prospects but is facing short-term setbacks,” the spokesperson said. Figures for the first quarter showed a considerable drop in turnover for ASML. Customers ordered 3.8 billion euros worth of chip machines from the company in the first quarter, compared to amounts between 6 ad 8 billion euros in previous quarters" Not a single word mentioned on US export restriction policy on China, which had previously constituted a huge market for ASML. Same story with TSMC, also now prevented to selling to its main market, and also now suffering on the bottom line. It's a permanent loss of this market - can't expect any Chinese buyers to do anything other to source domestically going forward.