ASML said orders of its chipmaking machines fell short of market estimates by almost €1bn, as chief executive Christophe Fouquet warned that Donald Trump’s tariff announcements had “increased uncertainty”.
Shares of ASML have been hit by fears about the impact of tariffs and a potential slowdown in artificial intelligence spending, falling 12 per cent since the start of January ahead of Wednesday’s results.
“AI is still the driver of the market. The demand is strong,” said Fouquet, adding that the Netherlands-based company was watching the impact of tariffs “very carefully”.
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