Business Tech

ASML expects a slowdown in semiconductors in 2012

AMSTERDAM (Reuters) – ASML, the worldwide leader in lithography for semiconductors is estimated that there will be a slowdown in growth in most segments of the semiconductor, with the exception of technologies associated with shelves and smartphones.

“I think 2012 will be a difficult year and I say this because we listen to our customers,” said CFO Peter Wennink in a video.

He added that the slowdown in the semiconductor industry was obvious given the backlog in the fourth quarter.

ASML said fourth-quarter orders are currently valued in excess of 514 million euros in the third quarter but it was not more specific. Analysts polled by Reuters ahead to 500-700 million in the fourth quarter.

The evolution of the backlog world leader in lithography for semiconductors is a leading indicator of what can be expected for giants such as Intel, the world’s leading processors, and Taiwan Semiconductor Manufacturing, the first sub- global treaty.

UNCERTAINTY ABOUT THE FUTURE

Wennink said that unlike the comparable period last year, which saw orders for companies wishing to develop their skills or to update their technology at a record, “customers do not know What the future will be, which does not encourage us to move anything for 2012. ”

However, he added, equipment for semiconductor production for smartphones and tablets will still demand.

“Despite a turbulent macroeconomic environment, the solid business model of ASML and industrial needs with the latest technology of lithography allow us to confirm our forecast of a turnover of around 5.5 billion euros in 2011,” said the CEO Eric Meurice in a statement.

“It is too early to capture the extent to which global demand for semiconductors will help our business in 2012 but we feel the constant need for advanced systems (…) probably lead to an increase in orders in the fourth quarter, the third quarter. ”

ASML also said it anticipated sales of over 1.1 billion euros in the fourth quarter. For the third quarter, the Dutch company reported a net profit of 355 million euros against 269 million a year earlier, with a turnover of 1.459 billion against 1.176 billion.

Wennink said qu’ASML could reduce costs by 20% within six months if necessary.

ASML has a market share of 70% in its segment.

The action gained 2.7% to 27.25 euros in early trade.

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