Print Edition - 2017-04-20  |  Money Digest

Chip maker ASML books strong first quarter

- AFP, THE HAGUE

Apr 20, 2017-

Dutch computer chip maker and global hi-tech bellwether ASML said on Wednesday that sales and profits soared in the first quarter amid “strong demand” across the sector. Net sales for the first quarter of 2017 were stronger than expected, jumping 46 percent to $2.08 billion. “A positive industry environment provided a strong start to 2017 and healthy demand is expected to continue throughout the rest of the year,” said ASML president Peter Wennink in a statement. It is one of the world’s leading makers of lithography systems used by the semiconductor industry to make integrated circuits and microchips. It employs more than 17,000 people and operates in 16 countries.

Published: 20-04-2017 10:37

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