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.
Thank you for donating to DutchNews.nl
The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.
DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.