ASML Exceeds Expectations Despite Chipmaker Hesitation
ASML, Europe's biggest tech firm, reported a threefold jump in Q1 net profit to €1.96bn ($2.15bn) on revenue up 91% at €6.74bn, beating analysts' forecasts. However, the company noted some signs of caution among customers in the semiconductor industry, with some major companies delaying the timing of their demand for certain tools. ASML dominates the market for lithography equipment used to create the minute circuitry of chips and has struggled to meet demand as customers TSMC, Samsung and Intel spend billions on expansion.