Source: Bloomberg
Author: Cagan KOC
Chief Executive Officer Christophe Fouquet said he expects that the chip market recovery will slowly continue until 2025.The company's three -quarter report was disappointed, resulting in the decline in the entire semiconductor sector.
FOUQUET said at an investor conference on Wednesday that the demand recovery slowly caused customers to be cautious and some investments were postponed.This prospect has led to a sharp decline in Profit Outlook, although Fouquet said that artificial intelligence (AI) boom, energy transformation and electrification continue to provide strong upward space.
Fouquet, who took over April, was facing one of the most turbulent times in the company's history.The market value of the Dutch company that produces the world's most advanced chip manufacturing equipment has lost more than 60 billion euros ($ 65 billion) because its orders announced on Tuesday were not half of the analysts expected.
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Asley is the leader of the entire chip industry, and its performance has triggered concerns about the general decline in the unable to solve the demand for AI heat.It is a monopoly position in chip manufacturing equipment. Its equipment helps to produce the most advanced chips such as TSMC and Samsung Electronics. These chips are widely used. From Apple's smartphones to Nvidia's AI accelerators.
"If there is no AI, the current market will be very sad," Fouquet said, "recovery is not what everyone is longing for."
Fouquet said that the recovery of the demand for automobiles, mobile and personal computer markets is particularly slow, although AI -related server demand is strong.He also said that the Dutch company will slow down its short -term investment plan to conform to the market.
Order delay
The Chief Financial Officer Roger Dassen said at the conference call that some orders originally scheduled for 2025 have been postponed to 2026.
Astai's low -aging outlook caused its stock price to fall 16%in Amsterdam on Tuesday, the biggest decline since June 12, 1998.Wednesday once fell 5.8%.
Its weak performance is also related to the company's mistakes for a day in advance.Fouquet apologized to release the financial report that was originally disclosed on Wednesday in advance, saying that it was "technical problems."
Asley faces multiple pressures.Although the demand for AI data center chips is still strong, major customers such as Intel and Samsung are still in a difficult situation.
Apple's stock price fell 1.5%on Wednesday.Analysts have stated that preliminary data on booking and delivery time of iPhone 16 indicate that demand is tepid.
Companies that produce cars and industrial chips usually use Acemai's less high -end machines, and they are also in a long -term downturn because of the high customer inventory.
At the same time, with Washington's efforts to limit China to gain cutting -edge chip technology, the United States and its allies are increasing the largest market pressure on Asley.In the third quarter, China's sales were 2.79 billion euros, accounting for nearly half of Asmore's total sales.
Dassen said that the company is expected to account for about 20%of total revenue next year, and calls the "normal percentage" of this market.
"We are reading newspapers, we see that what may happen is still guessing," Dassen said, so we have decided to adopt "more cautious attitude" in China.
