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On October 18, Peter Wennink, CEO of ASML, a leading Dutch lithography machine company, said that demand from chip manufacturers in mainland China is expected to remain strong.
"The latest financial report data shows that in the third quarter of 2023, ASML achieved net sales of 6.7 billion euros, a gross profit margin of 51.9%, and a net profit of 1.9 billion euros. The value of new orders in the third quarter of this year was 2.6 billion euros, of which 500 million euros were orders for EUV lithography machines.
By region, of the equipment sold by ASML in the third quarter, customers in mainland China accounted for 46%, followed by Taiwan, China, which accounted for 24%, and South Korea, which accounted for 20%.
Looking forward, ASML believes that the semiconductor industry is at the bottom of the cycle, and customers are looking forward to seeing an inflection point at the end of this year. Customers are still uncertain about the recovery of demand within the industry, so we expect 2024 to be a conservative year for revenue, basically the same as 2023. At the same time, 2024 will also be an important year to lay the foundation for substantial growth in 2025.