This content is not available in your region

ASML sees around $2.3 billion of sales in China in 2021, 2022

ASML sees around $2.27 billion in sales in China in 2021, 2022 - CFO
ASML sees around $2.27 billion in sales in China in 2021, 2022 - CFO   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p><span class="caps">AMSTERDAM</span> -Dutch semiconductor equipment maker <span class="caps">ASML</span> said on Thursday the company sees demand for its products remaining strong in China, with around 2 billion euros ($2.3 billion) in sales in 2021.</p> <p>Chief Financial Officer Roger Dassen said <span class="caps">ASML</span>, which is currently operating at full capacity amid the global semiconductor shortage, thinks it will have a similar level of sales in China in 2022. </p> <p>“I expect that sales into domestic China will be a little in excess of 2 billion (euros) this year,” he said, distributed between logic and memory chip customers.</p> <p>“For next year I wouldn’t expect a dramatic increase in that number, but we would expect that number to be sustained, so also next year pretty strong sales.”</p> <p><span class="caps">ASML</span> is the dominant maker of lithography systems, technology used to create the circuitry of computer chips.</p> <p>Due to U.S. government military concerns, the allied Dutch government has not granted <span class="caps">ASML</span> permission to ship its most advanced tools to China. However, Chinese companies are major buyers of <span class="caps">ASML</span>’s earlier generation products and China is the company’s third-largest market, behind Taiwan and South Korea.</p> <p>In a reference to discussions in U.S. policy circles about whether lithography sales to China should be further restricted, Dassen said that would not impact <span class="caps">ASML</span> immediately.</p> <p>“If for whatever reason, something were to happen on the China front, for instance more stringent regulation … in all likelihood that demand would be hoovered up someplace else,” he said.</p> <p>He said <span class="caps">ASML</span> was weighing how much extra capacity the company would need to meet increased demand for its products as a result plans by the United States, European Union and other governments to increase regional semiconductor manufacturing capacity due to strategic considerations.</p> <p>Dassen was speaking at the Morgan Stanley <span class="caps">TMT</span> conference. </p> <p>($1 = 0.8824 euros)</p> </div>