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ASM International projects Q2 revenue above estimates

The chip equipment maker expects second quarter revenue of 980 million euros after reporting a first quarter beat. This guidance exceeds analyst expectations.

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The Dutch semiconductor equipment manufacturer ASM INTERNATIONAL NV has issued a second-quarter revenue forecast that surpasses market expectations, following a strong performance in the first three months of the year. As Europe's second-largest producer of chipmaking tools, the company anticipates revenue for the upcoming quarter to reach approximately 980 million euros.

The logo of ASM, a Dutch semiconductor equipment supplier, is seen at its headquarters in Almere, Netherlands. REUTERS/Piroschka van de Wouw/File Photo
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