ASM International reaffirms outlook despite new US export restrictions
Adds details and context in paragraphs 4-5, quote in paragraph 6, Q4 guidance in paragraph 10, shares paragraph 11
By Leo Marchandon
Dec 4 (Reuters) -Dutch semiconductor equipment maker ASM International ASMI.AS on Wednesday said the new U.S. export controls were largely in line with its earlier 2025 outlook, based on its preliminary analysis.
The U.S. government announced updated export regulations on Monday, including new restrictions on semiconductor equipment applications to China.
ASM's larger peer ASML has also said the new restrictions were unlikely to impact its most recent financial guidance.
These statements suggest that the latest regulatory changes, which include limitations on the delivery of high-bandwidth memory chips to China, are unlikely to cause significant shifts in the strategic direction or financial targets of major semiconductor industry players in Europe.
The package also introduces new restrictions on chip-manufacturing tools and software, and new export controls on equipment production in countries such as Singapore and Malaysia.
"Export control regulations are also expected to impact other segments and equipment categories in which our company is not active, and as such there could be an indirect impact to ASM," the company said in a statement.
ASM reaffirmed its revenue goal of between 3.2 billion and 3.6 billion euros ($3.4 billion and $3.8 billion) for 2025.
For the first half of next year, it sees a further moderate sales decline in China compared to the latter half of 2024. It also expects full-year 2025 sales in China to fall year-on-year.
"We expect ASM's China equipment sales as a percentage of total ASM sales to be in a range of low to high 20s percentage," it said.
ASM also maintained its sales guidance for the fourth-quarter of 2024 at 770-810 million euros, and said its July-December sales were expected to rise by more than 15% compared to the first half of the year.
The company's shares were up 1.5% by 0820 GMT.
($1 = 0.9508 euros)
Reporting by Leo Marchandon in Gdansk
Editing by Louise Heavens and Milla Nissi
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
