ASML - ASML Holding: Q1 Miss Masks Long-Term Opportunity But Near-Term Headwinds Remain
2024-04-23 11:26:57 ET
Summary
- ASML is the leading manufacturer of lithography machines used in semiconductor production, with major clients including Samsung, Intel, and Taiwan Semiconductor.
- The company has a strong track record of growth and net booking growth, making it a good long-term buying opportunity.
- ASML anticipates a small decline in demand due to macroeconomic uncertainty and a slower-than-expected recovery, but expects the demand for semiconductors to start recovering in Q4-2023.
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ASML Holding N.V. (ASML) is the world's leading manufacturer of single-use lithography machines, simply put, used to create the tiny circuits essential to modern semiconductors. Virtually every semiconductor player uses ASML machines, including Samsung ( SSNLF ), Intel ( INTC ), and the largest Taiwan Semiconductor ( TSM )....
ASML Holding: Q1 Miss Masks Long-Term Opportunity, But Near-Term Headwinds Remain