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Chipmaking tool firms expect boom in China sales despite export rules

April 21, 2023
Source: reuters.com reuters.com
News Snapshot:
April 20 (Reuters) - Two companies that make tools for manufacturing chips said that they expect sales to China to boom later this year despite U.S. export restrictions on equipment used to make cutting-edge semiconductors. The comments by California-based Lam Research (LRCX.O) and the Netherlands' ASML Holdings NV (ASML.AS) are a sign that China may be a bigger customer for the industry than expected this year given its strong demand for less-advanced chips like those used in electric vehicles (EVs). The companies reported quarterly earnings that beat analyst expectations, though Lam's sales were lower than a year ago because of...
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Tags: ASML | Beijing | California | cash | chief financial officer | China | Chinese | chips | Computing | customer | Dutch | EDGE | equipment | executive | export | Exports | finance | Japan | manufacturing | military | mobile | Netherlands | revenue | semiconductor | technology

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