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ASML Forecast Tops Estimates as Chip-Equipment Orders Revive

By Elco van Groningen - Bloomberg, Jan. 21, 2015 – 

ASML Holding NV (ASML) said first-quarter sales will beat estimates as Europe's largest chip-equipment maker anticipates rising demand for technology for mobile communication devices. The shares rose to a record.

Sales will be about 1.6 billion euros ($1.9 billion) in the first three months of the year, the Veldhoven, Netherlands-based company said in a Wednesday statement. Analysts polled by Bloomberg predicted an average of 1.5 billion euros.

"It's anything that's mobile and that has to do with communications," Chief Executive Officer Peter Wennink said, when asked about the driving force behind orders for his company's machines. As demand grows for devices that can communicate to servers and each other, the need for data-processing and storage chips is set to increase, he said.

ASML plans to benefit from this development by persuading chipmakers to upgrade their machinery to Extreme Ultraviolet Lithography systems, or EUV, as these enable the production of smaller chips while increasing the capacity and speed. Smartphones are expected to be one of the semiconductor industry's biggest drivers this year, research company Gartner Inc. said last week.


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