ASML Holding NV

ASML Holding NV, where Van den Brink is now the chief technology officer, practically owns the market for a critical piece of equipment needed to produce the brains of everything that makes modern life possible — from cars and smartphones to computers, microwaves and airplanes. With the company’s high-end machines churning out chips that can also go into state-of-the-art weapons and artificial intelligence devices, ASML is effectively being treated as critical infrastructure for US national security and has…

ASML Holding NV beat first-quarter earnings forecasts on continued strong demand for its chip making equipment, but noted some signs of caution among customers. The comments from Europe's biggest tech firm follow news that Samsung will cut production because of a downturn in semiconductor demand, while memory chip makers SK Hynix and Micron have cut spending plans. ASML posted a threefold jump in net profit to 1.96 billion euros ($2.15 billion) on revenue up 91% at 6.74 billion euros. Analysts had forecast net profit of…

FILE PHOTO: A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/IllustrationThe Dutch government has not yet defined crucial aspects of new restrictions on chip-technology exports to China including whether ASML Holding NV can service chip-printing machines the company has already sold in the country. "Those details still need to be worked out," Dutch Trade Minister Liesje…

The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022.Dado Ruvic | ReutersCheck out the companies making headlines in midday trading.Generac — Shares were trading down 25% after the company cut its expected full-year revenue growth to a range of 22% to 24%, down from 36% to 40%, which is also below Wall Street expectations. The power company also reported preliminary third-quarter results, with earnings per share expected to come in at $1.75 compared to the $3.21 estimate.Netflix…

Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice.Emmanuel Dunand | AFP | Getty ImagesASML, one of the world's most important semiconductor toolmakers, told U.S. employees to stop servicing Chinese customers, as Washington's latest export restrictions begin to hit the global chip industry.The Dutch firm said in a memo that any U.S.…

Samsung is facing headwinds from a global slump in deamand and prices for its memory chips, sales of which make up a large part of the South Korean technology giant's business.Olly Curtis | Future | Getty ImagesSamsung said Friday its operating profit likely plunged 32% in the third quarter of the year as weaker memory pricing and demand hit the technology giant.The South Korean firm said it expects operating profit to be between 10.7 trillion ($7.57 billion) and 10.9 trillion South Korean won. It is the first decline in…

Leading chipmaking nations including the U.S. are forming alliances, in part to secure their semiconductor supply chain and to stop China from reaching the cutting edge of the industry, analysts told CNBC.Places including the United States, South Korea, Japan and Taiwan, which have strong semiconductor industries, have looked to forge partnerships around the critical technology."The immediate reason for all this is definitely China," said Pranay Kotasthane, chairperson of the High Tech Geopolitics Programme at the…

Check out the companies making headlines before the bell:Baker Hughes (BKR) – The oilfield services company reported second-quarter adjusted earnings of 11 cents per share, just half of what analysts had forecast. Revenue also fell below estimates, with Baker Hughes citing various challenges including component shortages and supply chain inflation. Baker Hughes tumbled 6% in premarket trading.Biogen (BIIB) – Biogen gained 2.4% in premarket action after reporting an adjusted profit of $5.25 per share for the second…

ASML Holding NV reported a higher second-quarter net profit on Wednesday amid record new bookings as it kept shipping equipment to clients as fast as possible even though there were some indications of a slowdown in consumer markets. The Dutch company, a key supplier to computer chip makers, reported net profit of 1.41 billion euros ($1.44 billion) for the three months ended June 30, up from a profit of 1.04 billion euros a year earlier, it said in a statement. Revenues were 5.43 billion euros, up from 4.0 billion euros…

IBM CEO Arvind Krishna appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022.Hollie Adams | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading Tuesday.IBM – Shares of IBM slipped 5.25% after the tech company warned of a potential $3.5 billion hit from a strong U.S. dollar. That warning overshadowed better-than-expected earnings and revenue for the previous quarter.Boeing – Shares of the aerospace giant rose 5.69%, continuing an upward trend for the…