Dutch tech giant ASML: China sales to dip 'signficantly' in 2026 / Photo: Lionel BONAVENTURE - AFP
-
Kenya's economy faces climate change risks: World Bank
-
Yoko says oh no to 'John Lemon' beer
-
Stocks sink amid fears over US-Iran ceasefire
-
Premier League losses soar for clubs locked in 'arms race'
-
For Israel's Circassians, food and language sustain an ancient heritage
-
'Super El Nino' raises fears for Asia reeling from Middle East conflict
-
Pulitzers honor damning coverage of Trump and his policies
-
US-Iran ceasefire on brink as UAE reports attacks
-
OpenAI co-founder under fire in Musk trial over $30 bn stake
-
Amazon to ship stuff for any business, not just its own merchants
-
Passengers stranded on cruise off Cape Verde following suspected virus deaths
-
What is hantavirus, and can it spread between humans?
-
Two dead as car ploughs into crowd in Germany's Leipzig
-
Demi Moore joins Cannes Festival jury
-
Two dead after car ploughs into people in Germany's Leipzig: mayor
-
Stars set for Met Gala, fashion's biggest night
-
France launches one-euro university meals for all students
-
Mysterious world beyond Pluto may have an atmosphere: astronomers
-
Energy crisis fuels calls to cut methane emissions
-
Hantavirus: spread by rodents, potentially fatal, with no specific cure
-
Musk vs OpenAI trial enters second week
-
Japan PM says oil crisis has 'enormous impact' in Asia-Pacific
-
Seoul, Taipei hit records as Asian stocks track Wall St tech rally
-
Boeing faces civil trial over 737 MAX crash
-
Pacific Avenue Capital Partners Enters into Exclusive Negotiations to Acquire ESE World, Amcor's European Waste Container Business
-
Three die on Atlantic cruise ship from suspected hantavirus: WHO
-
Two die in 'respiratory illness' outbreak on Atlantic cruise ship
-
More Nepalis drive electric, evading global fuel shocks
-
Latecomer Japan eyes slice of rising global defence spending
-
German fertiliser makers and farmers struggle with Iran war fallout
-
OPEC+ to make first post-UAE production decision
-
Massive crowds fill Rio's Copacabana beach for Shakira concert
-
US airlines step up as Spirit winds down
-
Aviation companies step up as Spirit winds down
-
'Bookless bookstore': audio-only book shop opens in New York
-
Venezuelan protesters call government wage hike a joke
-
S&P 500, Nasdaq end at fresh records on tech earnings strength
-
Pope names former undocumented migrant as US bishop of West Virginia
-
Trump says will raise US tariffs on EU cars to 25%
-
ExxonMobil CEO sees chance of higher oil prices as earnings dip
-
After Madonna and Lady Gaga, Shakira set for Rio beach mega-gig
-
King Charles gets warm welcome in Bermuda after whirlwind US visit
-
Coe hails IOC gender testing decision
-
Baguettes take centre stage on France's Labour Day
-
Iran offers new proposal amid stalled US peace talks
-
French hub monitors Hormuz tensions from afar
-
Oil steady after wild swing, stocks diverge in thin trading
-
Chinese swimmer Sun Yang reports cyberbullying to police
-
Iran activates air defences as Trump faces congressional deadline
-
India's cows offer biogas alternative to Mideast energy crunch
Dutch tech giant ASML: China sales to dip 'signficantly' in 2026
Dutch tech giant ASML said on Wednesday it expected its sales in China to fall significantly next year, as it booked flat net profits in the third quarter of 2025 compared with the same quarter last year.
"We expect China customer demand, and therefore our China total net sales in 2026 to decline significantly compared to our very strong business there in 2024 and 2025," said CEO Christophe Fouquet in a statement.
The firm, which makes cutting-edge machines that manufacture semiconductors, announced net profits of 2.125 billion euros ($2.5 billion), after 2.077 billion euros in the third quarter of last year.
Net sales in the third quarter of 2025 came in at 7.5 billion euros. ASML had forecast a figure between 7.4 billion euros and 7.9 billion euros.
"Our third-quarter total net sales... were in line with guidance, reflecting a good quarter for ASML," said Fouquet.
In July, the firm had warned that geopolitical and trade tensions had clouded the near-term outlook for its growth.
ASML said then that it could not confirm it would be in the black in 2026.
But on Wednesday, Fouquet said: "We do not expect 2026 total net sales to be below 2025," adding that the firm would give more details on next year's outlook in January.
D.Goldberg--CPN