Asm Internationl Stock Price, News & Analysis

ASM International N.V. reported strong financial results for Q4 2022, with revenue reaching approximately €720 million, exceeding previous guidance of €630-660 million. This growth was driven by improved supply chain conditions and a higher conversion of backlog. The company secured orders worth about €820 million, primarily from the power/analog/wafer segment, particularly in the silicon carbide epitaxy (LPE) business. The operating margin is expected to be around 26%, excluding amortization costs. ASM will disclose detailed Q4 and full-year 2022 results on February 28, 2023.

ASM International N.V. attended TSMC's first tool-in ceremony at its new Phoenix fab on December 6, 2022. This event was notable as Arizona's government supports the semiconductor industry with a historic $100 million investment, following the $52 billion CHIPS and Science Act. ASM, a leader in atomic layer deposition technology, highlighted its collaboration with TSMC, which plans $40 billion investment in Arizona. Both President Biden and Arizona Governor-elect attended the event, emphasizing the importance of strengthening the semiconductor supply chain in the U.S.

ASM International N.V. announces a visit by Arizona's Governor-elect Katie Hobbs to its Phoenix facility. This site is crucial for ASM’s R&D in atomic layer deposition and epitaxy technologies. With over 750 employees, the Phoenix facility is ASM's largest tech development hub globally. Governor Hobbs emphasized Arizona's role as a semiconductor leader, highlighting ASM's contributions to the industry. CEO Benjamin Loh noted the team's commitment to innovation. ASM has over 4,000 employees worldwide, reinforcing its global semiconductor market presence.

ASM International N.V. announces an update regarding US export restrictions impacting sales to China, projecting a 15-25% decline in this segment, accounting for 16% of total revenue. Q4 2022 sales guidance is raised to €630-660 million from €600-630 million due to higher sales and better backlog conversions. The book-to-bill ratio is expected to exceed 1 in Q4 2022. The company continues to navigate challenges while experiencing robust demand in specific segments.

ASM International N.V. recently hosted its annual Supplier Day event in Singapore, attended by 120 suppliers from 13 countries. The event underscored ASM's growth amidst supply chain challenges and emphasized innovation, with a new manufacturing facility boasting double the capacity. CEO Benjamin Loh highlighted supplier collaboration as crucial to navigating industry conditions. Awards were given for performance and sustainability achievements, including the Sustainability PRISM award. ASM aims for net-zero emissions, emphasizing collaboration across the value chain.

ASM International, based in Almere, Netherlands, has become a founding member of the Semiconductor Climate Consortium (SCC), aimed at cutting greenhouse gas emissions in the semiconductor industry. This collaboration includes multiple stakeholders across the semiconductor value chain and is supported by SEMI, the industry association. ASM aims for Net Zero emissions by 2035, leveraging SCC to address Scope 3 emissions. The consortium will launch its initiatives at COP27 in Egypt, promoting sustainability efforts across the industry.

ASM International N.V. reported record Q3 2022 revenues of €609.8 million, a 41% increase year-on-year. However, new US export control regulations impacted new orders, which totaled €675.5 million, down from €942.7 million in the previous quarter. Operating profit rose to €159.9 million despite a €321 million impairment charge on investments. Normalized net earnings reached €174.6 million. The company anticipates Q4 sales between €600-630 million, factoring in the effects of the export restrictions, and maintains a strong backlog for future growth.

ASM International has successfully acquired LPE S.p.A., an Italian manufacturer of epitaxial reactors for silicon carbide (SiC) and silicon, after obtaining regulatory approvals. The deal, announced on July 18, 2022, involves a mix of cash, an earn-out, and 631,154 ASM shares. LPE is anticipated to generate over €100 million in revenue in 2023, benefiting from the growing market for SiC epitaxy equipment, projected to expand at a CAGR of over 25% through 2025. LPE will operate under ASM’s Global Products organization.

ASM International N.V. reported strong Q2 2022 results, marking record highs in orders and revenue. New orders reached €943 million, an increase of 73% year-on-year. Revenue surged by 36% to €559.5 million, with a gross profit margin slightly down to 47.5%. Operating results improved to €147.6 million, bolstered by revenue growth despite rising expenses. The company anticipates continued revenue growth of €570-600 million in Q3 2022. Additionally, ASM announced an acquisition of LPE S.p.A. for €425 million to enhance its business in silicon epitaxy tools.