By Laura Lenkiewicz and PierreJohn Felcenloben
(Reuters) – Dutch semiconductor equipment maker ASM International (ASMI) said on Tuesday new orders nearly halved in the second quarter due to softening demand and delays at some customer production sites.
The company, which supplies wafer processing equipment to semiconductor makers, said new orders fell to 485.8 million euros ($536.2 million) from 942.7 million euros in the same period a year earlier.
It also reported second-quarter revenue of 151.2 million euros, down from 160.4 million last year.
The semiconductor industry, a political thorn between China and the United States, is facing a slowdown this year amid a shortage of skilled workers, supply disruptions and the global economic slowdown.
The world’s largest contract chipmaker, TSMC, predicted last week a roughly 10% decline in 2023 sales and investment spending marked the low end of forecasts, sending US and European chip stocks into the red.
“Demand in the memory market continued to be weak in Q2 and is not expected to recover this year,” ASMI said in a statement.
The company estimates third-quarter revenue of 580-620 million euros on a comparable basis, from 675.5 million euros a year earlier.
(Reporting by Pierre John Felcenloben and Laura Lenkiewicz; Editing by Susan Fenton and Mark Potter)
Copyright 2023 Thomson Reuters.
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