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International Business Times

World

Richard CARTER

ASML Profits, Bookings Down Amid China Chip Spat

ASML China Semiconductor Mark Rutte Peter Wennink Xi Jinping United States

ASML saw a decline in net profits and bookings (Credit: AFP)

Dutch tech giant ASML, which supplies chip-making machines to the semiconductor industry, on Wednesday reported a drop in net profits and orders amid a high-tech trade spat between China and the West.

Net profits came in at 1.2 billion euros ($1.3 billion) in the first quarter of the year, compared to 2.0 billion euros in profit the firm reported in the fourth quarter of last year.

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