Semiconductor solutions company ASM International posted its Q4 revenues ahead of time, as the company’s financial performance showed a huge increase due to strong demand for its products from the Chinese market and other factors.
Bookings for Q4 were estimated at 800 million euros, while revenue was estimated at 698 million euros.
ASM’s better-than-expected performance is a sign of potential demand for chips in China and other markets, mainly due to the increasing number of applications, of which EVs remain a huge part, with the country responsible for a huge portion of EV output.
At the time of writing, ASM International shares were trading at 692.4 euros, up by 0.41%.