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ASML avoids COVID-19, regulatory disruptions as shipments rise

China 2604 Coronavirus 430 Earnings 491 Info Tech - Tech Hardware 622 Netherlands 17 Quote Watch 261 U.S. 4633

ASML has released preliminary Q3 revenues that were “above our guidance” according to CEO Peter Wennink after the firm experienced “no major disruptions due to COVID-19 during the last quarter”. The semiconductor manufacturing equipment firm may have been helped by a widespread demand for electronics in the wake of the pandemic shown by a 10.9% rise in exports from the four largest exporting nations in August. ASML has yet to face restrictions on sales to China by the U.S. government, as has already been the case for semiconductors. That could change if President Trump wins a second term...

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