ASML’s lowered outlook suggests factory overcapacity, not chip doom

Quick Summary:

The weaker outlook could reflect some overcapacity at chip factories that had already stocked up on ASML’s pricey tools during the pandemic.

ASML’s forecast was a lagging indicator of what has been playing out at these chip factories for months, analysts said.

A signboard for Samsung Electronics outside the company’s Seocho building in Seoul, October 8, 2024.

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Article Details

Author / Journalist: Reuters

Category: Technology

Markets: Hong Kong

Topics: Sales Demand Pandemic Forecast Tools Chip Billion Asml’s Chips 2025 Factories

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 10:37:38 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 228 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23082522

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Official Website: scmp.com

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