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Shares in ASML dropped sharply on Tuesday after it unexpectedly published its financial results a day early, warning of a slower-than-expected recovery in the semiconductor market.
ASML’s third-quarter results appear to have briefly been published on its website late on Tuesday afternoon before the post was deleted. The post was then republished.
“While there continue to be strong developments and upside potential in AI, other market segments are taking longer to recover,” said chief executive Christophe Fouquet in the earnings statement.
“It now appears the recovery is more gradual than previously expected. This is expected to continue in 2025, which is leading to customer cautiousness.”
ASML shares fell 10 per cent in afternoon trading in Amsterdam. The gloomy outlook reverberated throughout the tech sector. Shares in US chipmakers Nvidia and AMD fell by around 5 per cent, Broadcom was down 4 per cent and chip designer Arm was 7 per cent lower following the news.
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