ASML’s financial results are encouraging, and the Chinese market has boosted its market value soaring by 50 billion

On January 25th, semiconductor equipment manufacturer ASML announced earnings that exceeded expectations, and the market responded strongly. The company's market value increased by 50 billion euros overnight, due to a surge in orders and sales.

According to the financial report, ASML experienced explosive growth in orders in the fourth quarter, with order volume increasing by 250% compared with the third quarter, soaring from 2.6 billion euros to 9.19 billion euros. Among them, the order volume for the most advanced extreme ultraviolet lithography machines reached 5.6 billion euros, showing strong market demand for high-end semiconductor equipment.

According to the editor’s understanding, ASML will achieve a 30% increase in net sales in 2023, reaching 27.6 billion euros. Among them, the contribution of the Chinese market is particularly prominent. The proportion of the Chinese market in ASML's lithography system sales increased from 14% in the previous year to 29%, becoming an important factor driving its performance growth. In addition, China accounted for 39% of ASML's sales in the fourth quarter of last year, becoming the company's largest market in 2023. This result shows the increasing importance of the Chinese market to ASML and also reflects the rapid development of China's semiconductor industry. ASML will continue to strengthen cooperation with China and work with Chinese customers to promote industry progress and innovation.

Affected by this good news, ASML’s stock price once rose by nearly 10%. ASML's CEO said in an interview with the media that after experiencing a period of slowing demand, he now sees signs of positive recovery in the semiconductor industry. He particularly emphasized that the development of artificial intelligence will have a huge impact on the demand for computing power, which will become an important driving force for the growth of ASML's business and customer demand.

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