US Export Controls: ASM International Remains Optimistic

The Dutch semiconductor equipment manufacturer ASM International has stated that the new US export controls are essentially in line with its previous forecast for 2025. This assessment is based on an initial analysis following the recent announcement of updated export regulations by the US government. These include new restrictions on applications in the semiconductor equipment sector in China. ASM's larger competitor, ASML, also appears unfazed and expects that the new restrictions will not impact its recent financial forecasts. ASM aims for a revenue of between 3.2 and 3.6 billion euros for the year 2025. Regarding the first half of the next year, the company anticipates a further moderate decline in sales in China compared to the second half of 2024. For the entire year 2025, they expect a year-on-year decline in sales in China. In a statement, ASM emphasized that they expect the share of equipment revenue from China to be in the low to upper 20-percent range.