Print Edition - 2017-01-20  |  Money Digest

ASML profits jump 6.1 percent


Jan 20, 2017-

ASML, the Dutch maker of machines used to etch computer processors and make memory chips, announced Wednesday a record 6.1 percent jump in full-year net profit. Net profit rose to 1.47 billion euros ($1.57 billion) and sales climbed more than 8.0 percent year-on-year to 6.79 billion euros, ASML said in a statement. It “has been a remarkable year for ASML on many fronts,” chief executive Peter Wennink said from the high-tech company’s headquarters in Veldhoven, in southern Netherlands. “We have delivered a record financial performance,” Wennink said. ASML is considered a bellwether of the global high-tech industry as it supplies manufacturing giants such as Samsung and Intel. Part of ASML’s success comes from its sales of so-called extreme ultraviolet machines. 

Published: 20-01-2017 09:44

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