The Chips Are Up For ASML

5 days ago1:31 min

The Chips Are Up For ASML

Chip equipment maker ASML gave a knockout quarterly update on Wednesday.

What does this mean?

The demand for chips in smartphones, computers, and data centers has been dragged down by the sluggish global economy, but ASML has managed to dodge the worst of it so far. See, the company’s the one and only purveyor of the complex machines that chip giants like TSMC, Intel, and Samsung need to make the most advanced chips. And those all-important customers aren’t keen to cut back: after all, the wait time for these machines is actually longer than the expected length of the recession, so they need to make sure they’re well-equipped for the rebound that's predic

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