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ASM International reaffirms outlook despite new US export restrictions

By Thomson Reuters Dec 4, 2024 | 1:27 AM

(Reuters) -Dutch semiconductor equipment maker ASM International NV said on Wednesday that the new U.S. export controls were largely in line with its earlier 2025 outlook, based on a preliminary analysis.

The U.S. government announced updated export regulations on Monday, including new restrictions on semiconductor equipment applications to China.

ASM’s larger peer ASML has also said the new restrictions were unlikely to impact its most recent financial guidance.

ASM reaffirmed its revenue goal of between 3.2 billion and 3.6 billion euros ($3.4 billion and $3.8 billion) for 2025.

For the first half of next year, it sees a further moderate sales decline in China compared to the latter half of 2024. It also expects full-year 2025 sales in China to fall year-on-year.

“We expect ASM’s China equipment sales as a percentage of total ASM sales to be in a range of low to high 20s percentage,” the company said in a statement.

($1 = 0.9508 euros)

(Reporting by Leo Marchandon in Gdansk Editing by Louise Heavens and Milla Nissi)