FMP
Analysts Warn of Shipment Cuts at ASML Holdings
Sep 28, 2023 3:19 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 6:49 PM)
Image credit: FMP
ASML Holdings (NASDAQ:ASML) shares fell more than 1% pre-market today due to concerns raised by TF International Securities' analysts, who believe that the company will likely make significant reductions in its EUV equipment shipment forecasts for 2024, possibly by 20-30%.
The analysts’ warning is based on several factors, including lower expected demand for Apple's 3nm chips in 2024, reduced demand for Qualcomm's 3nm chips due to Huawei's chip sourcing halt, lower-than-expected demand for Samsung's and Intel's chips, and delays in memory expansion plans by Samsung, Micron, and SK Hynix, now expected to happen between 2025 and 2027.
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