Latest news with #EUV
Time of India
19 hours ago
- Business
- Time of India
ASML's 2026 growth outlook hinges on second-quarter bookings
By Nathan Vifflin VELDHOVEN: Investors are hoping that ASML 's bookings are robust enough to support its 2026 growth ambitions when the world's biggest chip-making equipment supplier reports its second-quarter earnings on Wednesday. The Dutch firm has lost around 30% in market value since peaking one year ago, reflecting investor concern over its growth prospects. At an investor event last November, the maker of the EUV machine - the backbone of AI chipmaking - said it saw 2026 as a growth year but didn't specify how much growth it anticipated. Analysts see the second quarter as a "make or break" period which will determine its outlook for 2026, considering delivery times typically take around 12 months. "ASML would need to double our second-quarter order estimates (of 5.3 billion euros) to comfort our 2026 revenue forecast ," Barclays analyst Simon Coles told Reuters. Analysts, on average, expect second-quarter bookings to reach 4.44 billion euros, according to a consensus compiled by researcher Visible Alpha, and 21.3 billion euros for the full-year. TSMC, CHINA DEMAND Hitting those forecasts depends largely on orders from the world's top contract chipmaker TSMC, analyst Marc Hesselink of ING said. The company, which is also ASML's top customer, is expected to order the tools it needs for its upcoming manufacturing process, N2, this year. "We see a better-than-expected demand and order from TSMC and China players, but lower-than-expected demand and order from Intel and Samsung," said Kevin Wang, analyst at Mizuho. Positive news on talks with clients over future orders would also offer reassurance that it will meet current market forecasts, said Hesselink. ASML still has a long way to go in 2025 to fulfill booking expectations for its lithography systems, after net bookings, the industry's most closely watched figure, came in at 3.9 billion euro ($4.6 billion) in the first quarter, missing estimates, analysts say. Its earnings will provide a gauge of the resilience of China's chipmakers, which have been buying lower-end ASML equipment not impacted by export restrictions. That demand helped the company beat first-quarter forecasts. Last October, ASML projected Chinese orders would fall to a 20% share of all machine sales in 2025. In fact, they constituted 27% of machine sales, steady from a quarter earlier. Analysts expect that trend to continue unless U.S. export curbs are further extended to apply to the older equipment.
Associated Press
2 days ago
- Business
- Associated Press
Natcast Celebrates Grand Opening of NSTC EUV Accelerator at NY CREATES' Albany NanoTech Complex, One of Three NSTC Flagship Semiconductor R&D Facilities Across the Country
Dept. of Commerce, Sen. Schumer, Rep. Tonko, Natcast, NY CREATES, NSTC Members, and leaders from across industry and academia came together to celebrate this momentous milestone for U.S.-led semiconductor innovation, economic and national security ALBANY, N.Y., July 14, 2025 /PRNewswire/ -- Natcast, the purpose-built, non-profit entity designated by the Department of Commerce to operate the National Semiconductor Technology Center (NSTC) established by the CHIPS and Science Act, today celebrated the grand opening of the CHIPS for America Extreme Ultraviolet (EUV) Accelerator, an NSTC facility (EUV Accelerator), with an official ribbon-cutting ceremony at the NY CREATES Albany NanoTech Complex in Albany, N.Y., where the facility is located. The EUV Accelerator, which officially began operations on July 1, 2025, is one of three announced NSTC flagship R&D facilities across the U.S. 'The grand opening of the EUV Accelerator marks a momentous milestone for Natcast, the NSTC, and the entire U.S. semiconductor ecosystem, as this state-of-the-art facility underscores our commitment to developing and advancing next-generation semiconductor technologies here in the U.S.,' said Deirdre Hanford, Natcast CEO. 'EUV lithography has emerged as the cornerstone technology to enable the high-volume production of smaller, faster, and more efficient chips. Through the EUV Accelerator, we are providing Natcast and NSTC Member researchers access to the critical tools needed to facilitate a wider range of research and a path to commercialization to advance U.S. leadership in the technologies of tomorrow.' The celebratory event brought together leaders from the U.S. Department of Commerce, Natcast, NY CREATES, and NSTC Member organizations, as well as U.S. Senate Minority Leader Chuck Schumer, U.S. Representative Paul Tonko, and Empire State Development COO Kevin Younis who all spoke to the significance of this milestone for U.S.-led semiconductor innovation and the impact this facility will have on advancing U.S. technology leadership, economic competitiveness, and national security for decades to come. 'This facility is really emblematic of what the NSTC program can do for the country,' said Jay Lewis, Director of the NSTC Program, CHIPS R&D Office, National Institute of Standards and Technology (NIST), Department of Commerce. 'One of our national strengths is our decentralized innovation. Our technical breakthroughs come from universities and businesses of all sizes, all over the country. But there can't be a facility like this at every university or in every state. So, broadening the utilization of the Albany NanoTech Complex for the research community provides centralized resources to make that decentralized system better and more effective.' 'America's first-ever National Semiconductor Technology Center is open for business! Today, the eyes of the world turn to Albany and Upstate NY as the next frontier where the scientific and engineering breakthroughs in chipmaking that we cannot even fathom today will happen. The ribbon cutting for this facility will be heard like a sonic boom and make it clear that America will lead the future of semiconductor technology,' said Senator Schumer. 'This is the day I long envisioned when I created the NSTC program in my CHIPS & Science Law. This facility will allow the nation's top scientists, universities, and companies to access the most advanced machinery in the world for developing microchips. It is the start of a historic new effort by the federal government to ensure the next generation of microchips will be developed here in America, here in the Capital Region, not China, not overseas. Today we help usher in America's next era of chip research and manufacturing, with Upstate NY leading the way.' The opening of the NSTC EUV Accelerator showcases what public and private partnership can accomplish to bolster the state's workforce, while setting the stage for semiconductor research and manufacturing nationwide,' Governor Hochul said. 'Since taking office, I have remained committed to ensuring New York continues to lead in business, manufacturing, technology and research innovation, and this launch is only the beginning.' 'For years since the passage of the historic and transformational CHIPS and Science Act, we've been telling anyone who will listen that New York is an industry leader uniquely positioned to propel long-term American semiconductor innovation,' Congressman Tonko said. 'Today, we celebrate that successful push and the incredible new opportunities it unlocks in innovation, job creation, research, and so much more. I'm also thrilled that my Microelectronics Research for Energy Innovation Act will complement future EUV R&D. As we celebrate this grand opening and cheer all those who helped us get to this exciting moment, let's make certain that we, as partners in government, academia, and industry, continue to invest in the pioneering spirit of innovation that the Capital Region has long exemplified.' 'NY CREATES and our industry partners are proud to continue our two-decade-long history of advancing semiconductor technologies, and as Natcast cuts the ribbon to share with the world that the EUV Accelerator is operational and their offices at our Albany NanoTech Complex are open, this latest partnership undoubtedly represents a pivotal step forward in accelerating U.S. innovation over the long-term,' said Dave Anderson, President of NY CREATES. 'With accessible, standard numerical aperture EUV lithography capabilities available today, and access to High NA EUV equipment available next year, we are proud that NY CREATES is supporting the NSTC's mission and enabling groundbreaking research, impactful economic growth, and strategic workforce development, all of which are imperative for America's national security and economic leadership.' The EUV Accelerator enables researchers from Natcast, NSTC Member organizations, and NY CREATES to work collaboratively to conduct research and development activities essential to driving faster commercialization of advanced semiconductor technology. Key capabilities at the EUV Accelerator include: Along with the CHIPS for America Design and Collaboration Facility (DCF) and the CHIPS for America NSTC Prototyping and NAPMP Advanced Packaging Piloting Facility (PPF), the EUV Accelerator will be a world-class destination for advanced semiconductor R&D in the United States. Together, these three NSTC flagship R&D facilities are addressing critical gaps in the current ecosystem, offering unparalleled value to a wide array of stakeholders across the semiconductor value chain, including universities, small businesses, large manufacturers, and government agencies, and helping to build a strong and vibrant U.S. semiconductor ecosystem. Following the morning program, nearly 100 leaders from government, industry, and academia gathered for a seminar on High-NA EUV and the future of semiconductor innovation. The discussion focused on the most pressing challenges and breakthrough innovations that will shape the next generation of chipmaking and how best to leverage the unique capabilities of the EUV Accelerator to help advance this work. View statements of support for the facility from across the U.S. semiconductor ecosystem at The EUV Accelerator is open and ready to support the R&D needs of NSTC Members and collaborators. Natcast is currently accepting project proposals. Learn more about the EUV Accelerator and submit a project proposal at For questions, please reach out to [email protected]. NATCAST & THE NSTC Natcast is a purpose-built, non-profit entity designated to operate the National Semiconductor Technology Center (NSTC) by the Department of Commerce. Established by the CHIPS and Science Act of the U.S. government, the NSTC is a public-private consortium dedicated to semiconductor R&D in the United States. The NSTC convenes industry, academia, and government from across the semiconductor ecosystem to address the most challenging barriers to continued technological progress in the domestic semiconductor industry, including the need for a skilled workforce. The NSTC reflects a once-in-a-generation opportunity for the U.S. to drive the pace of innovation, set standards, and secure global leadership in semiconductor design and manufacturing. Learn more at View original content to download multimedia: SOURCE Natcast
Yahoo
2 days ago
- Business
- Yahoo
Morningstar Expects ASML Holding (ASML) to Remain Top Lithography Equipment Provider
ASML Holding N.V. (NASDAQ:ASML) is one of the 10 Best Semiconductor Stocks to Buy According to Reddit. Morningstar believes that the company will remain the top lithography equipment provider in semiconductor foundries for a minimum of the next 2 decades. The other companies have redesigned their fabs a decade ago in order to make them suitable for extreme ultraviolet, or EUV, lithography, which happens to be a costly and long endeavor. Therefore, Morningstar opines that ASML Holding N.V. (NASDAQ:ASML) is not likely to be displaced from its place. A technician in a clean room working on a semiconductor device, illuminated by the machines. Furthermore, no competitor has been able to match ASML Holding N.V. (NASDAQ:ASML)'s technological leadership. Its competitive advantage is expected to continue to expand further, added the firm. ASML Holding N.V. (NASDAQ:ASML)'s leading market position further strengthens its key role in the broader global semiconductor supply chain. Its EUV technology, critical for producing advanced logic and memory chips, has supported it in being regarded as an indispensable partner for the semiconductor manufacturers. In Q1 2025, ASML Holding N.V. (NASDAQ:ASML) saw total net sales of €7.7 billion, gross margin of 54.0%, and net income of €2.4 billion, with quarterly net bookings coming at €3.9 billion, of which €1.2 billion is EUV. Parnassus Investments, an investment management company, released its Q1 2025 investor letter. Here is what the fund said: 'In Information Technology, we moved from an underweight to an overweight as we added new positions in Synopsys, ASML Holding N.V. (NASDAQ:ASML) and AppFolio while selling Adobe and Procore Technologies. ASML is a leading supplier of photolithography systems, equipment crucial for producing advanced microchips. It has a wide moat built on technology innovation, high market share and strong customer and supplier relationships.' While we acknowledge the potential of ASML as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Huawei's 7nm Chip Stalls Expose China's AI Weakness--While Rivals Race Ahead
Huawei's latest foldable MateBook looks sleekbut under the hood, it's running on old tech. The chip inside? A 7nm processor made by SMIC, China's top foundry. Same tech Huawei used back in 2023 for its Mate 60 Pro. According to TechInsights, there's been no real breakthrough since. That puts Huawei three generations behind Taiwan Semiconductor Manufacturing Co., which is gearing up to mass-produce 2nm chips later this year. The message: despite China's push for self-reliance, catching up in semiconductors is proving harder than expected. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Export controls appear to be doing exactly what they were designed to doslow China down. With ASML still blocked from selling EUV lithography machines to Chinese firms, SMIC hasn't yet cracked scalable 5nm production, which is the entry ticket to high-end AI, cloud, and mobile chips. Washington's restrictions on Nvidia (NASDAQ:NVDA) chips have also kept Huawei boxed out of the training game for top-tier AI models. Even so, Huawei has leaned into homegrown solutions, running its new devices on HarmonyOS and stacking chips to try and bridge the performance gap. But scale is the real testand here's where the ceiling hits. U.S. officials said Huawei could be capped at just 200,000 units of its Ascend AI chip in 2025, a far cry from global AI leaders. Still, founder Ren Zhengfei isn't backing down. In a recent interview, he brushed off the impact of sanctions and pointed to workarounds like chip stacking. Investors watching China's tech race will be asking the obvious question: is that enough to stay in the gameor just enough to survive? This article first appeared on GuruFocus.
Yahoo
6 days ago
- Business
- Yahoo
Bank of America Cuts ASML PT, Keeps Buy Rating
ASML Holding N.V. (NASDAQ:ASML) is one of the 11 Best Foreign Stocks to Buy According to Hedge Funds. On July 1, Bank of America reduced its price target for ASML Holding N.V. (NASDAQ:ASML) from €795 to €759 while keeping a 'Buy' rating. The firm highlighted several risks affecting Foundry and Logic demand, especially in 2026. Despite that, BofA analysts believe that the stock is attractively valued at about 19.6 times estimated 2026 EV/EBITDA, which is below its 10-year median of 22x. A technician in a clean room working on a semiconductor device, illuminated by the machines. BofA also reduced its earnings per share (EPS) estimates for ASML Holding N.V. (NASDAQ:ASML) for calendar years 2026 and 2027 by 4% to 5%, citing several downside risks. These include slightly lower revenues from China and uncertainty about demand from major chipmakers. The analysts highlighted multiple challenges such as ongoing issues at Intel ahead of its 18A ramp-up, an unclear situation at Samsung in DRAM, and additional export controls on China that could hurt demand from existing clients. The firm's analysts also pointed out that ASML Holding N.V. (NASDAQ:ASML) could see near-term demand for its extreme ultraviolet (EUV) weaken due to slow adoption of high-NA technology by key customers like TSMC and Samsung, and SK Hynix possibly shifting toward 3D DRAM On the positive side, BofA analysts noted strong demand for 2nm at TSMC and potential growth from Samsung as it plans to start production on its 2nm process in the US in early 2026. There could also be benefits if production capacity moves from China to Korea and Taiwan, if US export waivers are revoked. Despite the lower estimates for 2026, BofA remains bullish on ASML Holding N.V. (NASDAQ:ASML) in the long term. Even with export bans, the firm believes that ASML's earnings per share could reach €40 by 2030, with a possible upside to €50. This optimism is based on the growing demand for AI chips. ASML Holding N.V. (NASDAQ:ASML) is a Dutch company that designs and develops advanced semiconductor equipment systems, including photolithography machines, which are used to produce chips. While we acknowledge the potential of ASML as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
