A recent surge in orders from China, driven by customers seeking to avoid looming export controls, helped offset a wider chip industry slowdown for ASML, which is the only producer of the lithography equipment needed to produce most advanced semiconductors. The company said demand for its deep ultraviolet, or DUV, lithography machines outstripped supply.
ASML Holding NV’s orders rose in the second quarter on demand for chip-making machines in China, defying a slump in the semiconductor industry.
Europe’s most valuable technology company reported order bookings of €4.5 billion (US$5 billion) in April to June, ASML said in a statement on Wednesday. That is 20% higher from the previous quarter and beat an average estimate of €3.98 billion among analysts polled by Bloomberg.
