ASMI raises Q2 revenue forecast, Chinese bookings stronger than expected

:Wafer processing instruments supplier ASM International (ASMI) on Tuesday raised its income forecast for the 2d quarter of the 365 days, citing stronger-than-anticipated Chinese language count on of and better sales in evolved logic and memory.

ASMI acknowledged it now anticipated income within the quarter between 660 million euros and 700 million euros ($706 million to $749 million) at fixed currencies, in comparison with 600-640 million euros previously.

“We unruffled count on sales from the Chinese language market within the 2d half to be lower, however the lower shall be more moderate than we previously anticipated,” the corporate acknowledged in a commentary.

Sales in reach logic and foundry instruments, mostly for ASMI’s technology for gate-all-spherical transistors, and within the memory section are moreover anticipated to upward thrust over the 2d half of the 365 days, while its silicon carbide tooling, frail to broaden the diversity of electrical autos is anticipated to develop by double-digits in 2024, it acknowledged.

For the first quarter, ASMI reported 698 million euros in orders, in opposition to a 658 million euro analyst consensus forecast offered by researcher Visible Alpha.

($1 = 0.9349 euros)