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ASML loses $75.7 billion market cap from updated sales projections, likely due to lower demand from China and delayed Intel fab
€5 billion lower revenue guidance less than expected in 2025.
There are several reasons ASML is lowering its revenue guidance, but the main two are obvious: stricter regulations on tools that can be shipped to China, and Intel's cut-down expansion plans — particularly the delay of its Fab 29 in Germany to 2029 – 2030. In recent quarters China has accelerated building out and equipping dozens of new fabs, so China-based companies required hundreds of new lithography tools — and ASML landed these orders. They noted that the subdued projections suggest a slower recovery in the semiconductor industry, with ongoing cyclical challenges and specific customer issues affecting future growth.
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