ASML Profit Tops Expectations, Sees a Chip Market Rebound. Stock Slips.

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ASML


Holding, a critical supplier to the global chip-making industry, said Wednesday that it expects to report more than 25% sales growth this year despite uncertainty in the semiconductor industry, after it beat analysts’ expectations for its fourth-quarter profit. 

Dutch company


ASML


(ticker: ASML) supplies the ‘lithography’ machines that are essential for manufacturing semiconductors, with customers including


Taiwan Semiconductor


(TSM),


Samsung


(KRX) and


Intel


(INTC).