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ASM BEATS Q2 FORECAST ON AI CHIP DEMAND

ASM International, the Netherlands-based chipmaking equipment maker, projects second-quarter revenue of approximately €980 million, surpassing analyst estimates of €886.8 million. The outperformance reflects surging demand for advanced semiconductor manufacturing tools driven by AI expansion.

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Netherlands-based ASM, whose deposition tools are used to make advanced chips, projects Q2 revenue of ~€980M, above €886.8M est., driven by AI demand (Sarah Jacob/Bloomberg)

Sarah Jacob / Bloomberg: Netherlands-based ASM, whose deposition tools are used to make advanced chips, projects Q2 reve…

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