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ASML buys Cymer, issues profit warning

Wednesday 17 October 2012

Chip machine maker ASML has bought long-term partner Cymer for €1.95bn to speed up production of its new chip machines, the company said on Wednesday.

The chip machine market leader also announced a third quarter rise in turnover to €1.229bn, up from a second quarter €1.228bn. However, it warned turnover will drop to €1bn in the fourth quarter, with profit continuing to fall, from €295m to €275m.

ASML and its clients have been hit by 'uncertainty' on orders for chips for tablets, smart phones and personal computers, CEO Eric Maurice said. Orders for new systems dropped from 42 to 32 in the second quarter.

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