Dutch semiconductor equipment manufacturer ASML (ASML, Financial) has expressed concerns over customer behavior for 2024, citing macroeconomic uncertainties. In its annual report, ASML noted that some clients are expected to remain cautious, carefully managing capital expenditures and cash flow due to these uncertainties.
The report highlighted that geopolitical tensions have disrupted ASML's supply chain, leading to reduced raw material supplies, increased prices, and inflationary pressures affecting suppliers. Despite these challenges, ASML identified artificial intelligence as a key driver for growth in the semiconductor industry. However, the company acknowledged that AI also alters market dynamics, presenting both opportunities and risks.
ASML mentioned that geopolitical statements regarding export control restrictions and clients cutting capital expenditure have caused fluctuations in the investment community. Earlier in January, ASML reported a rise in net sales for 2024 from 27.5 billion euros to 28.2 billion euros (30 billion USD), while net profit decreased from 7.8 billion euros to 7.6 billion euros.
