ASMI's third-quarter bookings beat expectations, company ups guidance

Quick Summary:

:Chip-making equipment supplier ASM International (ASMI) forecast higher fourth-quarter guidance after third-quarter bookings beat expectations as AI continues to drive high-end orders.

The Dutch company now forecasts fourth-quarter sales in a range between 770 million euros and 810 million euros ($832.

ASMI's customers, the likes of chipmaker TSMC, use its equipment to enable the next generation of AI chips, and have seen a sustained boom in demand.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Million Fourth-quarter Company Euros Equipment :chip-making Third-quarter Bookings Continues Mediacorp Experience

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 01:22:52 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 201 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23330813

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