ASML reports lower quarterly profits

18th July 2007, Comments 0 comments

18 July 2007, AMSTERDAM (AP) - ASML Holding NV, a maker of semiconductor equipment, said Wednesday second-quarter profit and sales fell.

18 July 2007

AMSTERDAM (AP) - ASML Holding NV, a maker of semiconductor equipment, said Wednesday second-quarter profit and sales fell.

Net income for the period dropped to EUR 161 million, down 3.6 percent from EUR 167 million a year earlier, the company said in a statement. Sales fell less than one percent to EUR 935 million.

The Veldhoven-based company's order book also declined from a year earlier, to EUR 1.75 billion from EUR 2.16 billion.

However, ASML "received a sizable number of new orders," Chief Executive Eric Meurice said.

He expects to "see bookings increasing in the second half of 2007" and predicted the company's full year sales would rise.

ASML is a bellwether for the chip industry, as its so-called lithography systems, which are used to help lay out the circuitry of semiconductors, are at the very heart of the chip-making process.

The company's customers include Intel, Samsung Electronics Co. Ltd. and Taiwan Semiconductor Manufacturing Co. Ltd., among others, while its main competitors are Nikon Corp. and Canon Inc. of Japan.

[Copyright AP 2007]

Subject: Dutch news

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