ASM International maintains financial target despite new US export restriction

Reuters

2024/12/04

Dec 4 (Reuters) - Dutch semiconductor company ASM International NV said on Wednesday that preliminary analysis shows new U.S. export controls are largely in line with its earlier stated outlook.

The U.S. government announced updated export regulations on Dec. 2, 2024, including new restrictions on semiconductor equipment applications to China.

Despite this, ASM reaffirmed its 2025 revenue target of 3.2 billion to 3.6 billion euros ($3.37-$3.79 billion).

($1 = 0.9508 euros)

(Reporting by Leo Marchandon, Editing by Louise Heavens)

((Leo.Marchandon@thomsonreuters.com;))

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