ASM International Cuts Outlook After Chip Demand Disappoints

ASM International NV, a leading semiconductor equipment manufacturer, has revised its sales outlook for the second half of the year due to lower-than-expected demand from some of its clients. The company cited the recent slowdown in chip demand as the primary reason for the adjustment. The company now expects its sales for the second half of 2022 to be lower than previously anticipated, though it did not provide specific financial guidance. This revision reflects the broader industry-wide challenges faced by semiconductor manufacturers, as they grapple with supply chain disruptions and changing market conditions. Despite the near-term headwinds, ASM International remains committed to supporting its customers and maintaining its position as a key player in the semiconductor equipment market. The company's long-term strategy and investments in advanced technologies are expected to position it well for future growth opportunities as the industry rebounds.