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Dutch Tech Giant ASML Surpasses Expectations with Strong Q4 Performance

Benzinga

294 Views • Jan 24, 2024

Description

ASML beat expectations for fourth-quarter net sales at $7.82 billion and net profit at $2.23 billion. CEO Peter Wennink stated that while the company anticipates revenues in 2024 to mirror those of 2023, they are preparing for substantial growth expected in 2025. ASML is a key player impacted by US-China tech tensions, as its lithography systems are required for advanced chip production. The Dutch government recently revoked export licenses for some mid-range ASML systems to China.

Keywords & Tags

#china #CEO #growth #Net sales #Net profit #Dutch government #ASML #Export Licenses #fourth-quarter #revenues #Peter Wennink #US-China tech tensions #advanced chip production #lithography systems #mid-range systems

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