💨 Abstract

ASM International, a computer chip equipment maker, reported lower-than-expected fourth-quarter orders due to weakness in automotive and industrial markets. This was despite strong sales in AI chip tools. Orders reached €731 million, against a forecast of €790 million. The company also forecasted Q1 revenue between €810 million and €850 million, lower than analysts' expected €819 million.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖