ASML sees fast shipments of chip equipment hit results
Semiconductor equipment maker ASML has seen its move to ‘fast shipments’ and supply chain issues hit its results.
The fast shipment process skips some of the testing in the factory so that final testing and formal acceptance then takes place at the customer site. This leads to a deferral of revenue recognition for those shipments until formal customer acceptance, but does provide customers with earlier access to wafer output capacity.
The company saw net sales of €5.4bn in the second quarter of 2022, with record quarterly net bookings of €8.5 billion, with growth of 10% this year. This is down from the 20% growth predicted in January, but is more down to the delayed billing of fast shipments, as well as shortage of components.
- Lithography equipment in short supply through 2023 says ASML
- ASML fire hits EUV lithography production
- ASML sees boom year, order for 3nm system
- Fab equipment spending to triple in Europe
“Some customers are indicating signs of slowing demand in certain consumer-driven market segments, yet we still see strong demand for our systems, driven by global megatrends in automotive, high-performance computing, and green energy transition,” said Peter Wennink, resident and CEO of ASML.
“For the full year, we expect a revenue growth of around 10%. This growth is lower than previously guided as a result of an increase in the number of fast shipments expected in the remainder of 2022, the revenue for which will be delayed into 2023 at an amount of around €2.8 billion,” he said.
“While we are still planning to ship a record number of systems this year, increasing supply chain constraints cause delayed starts. Therefore, we are increasing the planned number of fast shipments throughout the remainder of this year in order to supply our customers with the necessary capacity expansions.”
“Our second-quarter net sales came in at €5.4 billion with a gross margin of 49.1%. Demand from our customers remains very strong, as reflected by record net bookings in the second quarter of €8.5 billion, including €5.4 billion from 0.33 NA and 0.55 NA EUV systems as well as strong DUV bookings,” said Wennink.
In the DUV business, ASML shipped the first NXT KrF system, the TWINSCAN NXT:870, with a 27% increase in wafer throughput to increase productivity.
In the EUV High-NA business, it received both the first High-NA mechanical projection optics and illuminator as well as the new wafer stage from suppliers. These modules will be used for initial testing and integration, an important step for the EXE:5000 program.
Other articles on eeNews Europe
- UK tech agency ARIA in disarray after failed CEO appointment
- €50m smart glasses lab for Milan
- Skeleton, Siemens to build world’s largest supercapacitor factory
- France pushes major new electronics project for Europe
- Bosch to spend €3bn on European fabs