ASM International Lowers Revenue Outlook Amid Weak Demand

about 1 month ago

Jomana Bissechi

"ASM International cut its revenue outlook for the second half of the year due to lower than expected demand from chip making clients. Key customers like Intel have been more conservative, even canceling some factory projects."

ASM International downgraded its revenue forecast for H2 as weaker demand from chipmakers, including cautious spending from key customer Intel, weighs on sentiment. This development casts doubt on the optimism of consensus estimates in the semiconductor equipment sector.

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