What recession? Chipmaking kit supplier ASML hits record orders
While ASML plans to ship 55 EUV systems this year, it only expects to book revenue for 40 of them this year because of 15 machines whose shipments are being expedited. As for deep ultraviolet lithography systems, which are used for less advanced chips, ASML expects to ship a"significant number" of them, though revenue will be deferred for some, Wennink said, without offering specific numbers.
As for other challenges, the company is dealing with the impact of inflation like many others, which has resulted in a lower-than-expected gross margin of 49.1 percent for the second quarter. "I mean we have seen an acceleration of inflationary pressure on labor, on freight specifically, on parts," said Wennink.to convince officials in the Netherlands to block ASML from selling DUV systems to Chinese customers.], China made up 10 percent of revenue for the second quarter, down from the 34 percent in sales the country commanded in the first quarter.
Despite supply chain and inflation issues, Wennink offered an optimistic assessment of how ASML will fare in a global economy some fear is on the verge of a recession. Beyond ongoing demand in the automotive and HPC markets, the CEO expects the semiconductor industry will get a boost from the rise in renewable energy and Internet of Things-related trends.
"If it's a moderate recession, I think the impact will be very limited. For the simple reason that we have such a big backlog, that our customers are coming to us and say, 'listen, if we see a slowdown, sure, but one thing is certain: we want your machines,'" he said. ®
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