ASML Expects Slowness In Chip Market To Continue "Well Into" 2025
Portfolio Pulse from Benzinga Newsdesk
ASML has announced that it expects the slowdown in the chip market to persist well into 2025, as stated during a conference call.
October 16, 2024 | 1:34 pm
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ASML has projected that the current slowdown in the chip market will extend well into 2025. This could impact the company's revenue and stock performance as the semiconductor industry faces prolonged challenges.
ASML's announcement of a prolonged slowdown in the chip market suggests potential challenges in revenue growth and stock performance. The semiconductor industry is a significant part of ASML's business, and a continued downturn could negatively impact its financial results.
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