Chip machinery maker ASML booked net profit of €20m in the third quarter of this year, after three consecutive quarterly losses, the company said in a statement on Wednesday.

Turnover was also higher than analysts expected at €555m but was still 20% down on the year-earlier period.
In particular, ASML sold more chip making systems than forecast, a sign that demand for chips is increasing. The company’s important clients include Intel and TSM, the Financieele Dagblad said.