Roger Dassen, the CFO of ASML, a leading chip manufacturing machinery producer globally, conversed with investors at an event hosted by Jefferies, an investment bank in the United Kingdom. Dassen expressed confidence in the continuous good sales performance, leading to an immediate surge of over 8% in the company’s stocks.
He mentioned that the business relationship with TSMC, a major chip manufacturer globally, remains strong. He anticipates that TSMC will soon receive some of the High-NA EUV machines this year, debunking previous rumors that Intel had secured all machines for the year. Additionally, negotiations for the next-generation 2nm technology machinery are expected to conclude in the third quarter of this year.
A report by Jefferies stated that ASML does not believe that Chinese semiconductor companies, like Semiconductor Manufacturing International Corporation, can compete in the foreseeable future due to the complexity of the technology.
Following the Jefferies report, ASML’s stocks surged by 8% to reach 943 euros per share. Jefferies maintains a “buy” recommendation with a target price of 1260 euros per share.
Source: CNA, MarketScreener
TLDR: ASML’s CFO, Roger Dassen, expresses confidence in the company’s sales performance, leading to an 8% surge in stocks. TSMC expected to receive High-NA EUV machines, debunking previous rumors. Jefferies report suggests Chinese semiconductor companies may struggle to compete due to technology complexity.
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