1040 GMT - ASM International reported a steeper-than-expected decline in fourth-quarter orders compared with the third quarter, Stifel analysts write in a research note. The Dutch supplier of semiconductor tools booked 731.4 million euros in fourth-quarter orders, down from 815.3 million euros in the third quarter. The company previously said that some orders had been pulled into the third quarter while demand for chip-making equipment in China remained weak, meaning investors were expecting a decline in orders. However, the analysts say they expected the decline to be less severe than reported. ASM International shares trade 0.2% lower at 549.20 euros. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 05:40 ET (10:40 GMT)
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