Watching ASML Holding; Traders Circulate Analyst Ming-Chi Kuo Post Saying 'ASML Likely To Cut EUV Equipment Shipment Forecasts Significantly For 2024 By About 20%–30%' - Medium
Portfolio Pulse from Benzinga Newsdesk
Analyst Ming-Chi Kuo suggests that ASML Holding is likely to cut its EUV equipment shipment forecasts for 2024 by about 20–30%. This is due to lower than expected demand from Apple and Qualcomm, lower demand for Samsung's 3GAP+ and Intel's 20A, and delayed memory expansion plans from Samsung, Micron, and SK Hynix. The semiconductor sector is expected to bottom out in 2H23, but this timeline may be pushed back to 1H24/2Q24.
September 27, 2023 | 3:45 pm
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ASML Holding is expected to cut its EUV equipment shipment forecasts for 2024 by about 20–30% due to lower demand from key customers and delayed memory expansion plans.
ASML's potential cut in EUV equipment shipment forecasts is a direct result of lower demand from key customers like Apple and Qualcomm, and delayed memory expansion plans from Samsung, Micron, and SK Hynix. This could negatively impact ASML's revenues and profitability in the short term.
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