ASML posts loss in Q1 as sales dry up

By Toby Sterling | April 16, 2009, Thursday |

Print Edition

ASML Holding NV, a key supplier to computer chip makers such as Intel Corp, reported a 117-million-euro (US$155 million) loss for the first quarter yesterday as sales dried up amid the global economic downturn.

In the same period a year earlier, ASML had net profit of 145 million euros. Sales dived by 80 percent to 184 million euros from 919 million euros.

ASML makes machines used to map out the circuitry of semiconductors. Customers include Intel, Samsung Electronics Co Ltd and Taiwan Semiconductor Manufacturing Co Ltd, while its main competitors are Nikon Corp and Canon Inc of Japan.

It booked 207 million euros worth of new orders in the first quarter, and its order backlog rose to 853 million euros.

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ASML posts loss in Q1 as sales dry up

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