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chip equipment maker ASMLCNBC
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79% Informative
Dutch chip maker ASML says it expects net sales for 2025 to come in at the lower half of a range it had provided previously.
The Dutch tech giant is feeling the brunt of U.S. restrictions on sales of advanced chipmaking tools to China .
ASML shares plunged as much as 16% on Tuesday in response, causing the firm to shed $50 billion in market capitalization in a single day .
Analysts at Bank of America said the firm faces a "sharp decline in China revenues" They added that ASML 's forecast of China accounting for around 20% of its revenue in 2025 , implies a 48% revenue decline year-over-year .
ASML is "severely restricted by export controls," expert Abishur Prakash said.
VR Score
89
Informative language
94
Neutral language
76
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English
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