US tariff uncertainty looms, ASML orders are lower than expected
2025-04-16 05:32:05
Apr. 16 (Reuters) - ASML (ASML. O) posted lower-than-expected orders due to weakness in the chip industry in the quarter before U.S. tariffs threatened to upend the industry. The Dutch company's orders reached 3.94 billion euros ($4.47 billion) in the three months to March, with analysts averaging 4.82 billion euros, the company said in a statement released on Wednesday. It expects total net sales to be between 30 billion and 35 billion euros in 2025, ASML said. ASML is the sole producer of cutting-edge lithography machines, which are used by semiconductor companies to make advanced chips for a variety of products, including Apple Inc's smartphones and Nvidia Inc's artificial intelligence accelerators.
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