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International Business Times

Business

Dutch Chip Giant ASML's Net Profits Dip In 2024

ASML DeepSeek Semiconductor

ASML left guidance unchanged for this year's sales (Credit: AFP)

Dutch tech giant ASML, which sells cutting-edge machines to make semiconductor chips, reported a drop in annual net profits Wednesday, as geopolitical headwinds and the emergence of Chinese AI start-up DeepSeek disrupt the sector.

ASML net profits for 2024 came in at 7.6 billion euros, compared to 7.8 billion euros for 2023.

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