The view of tariffs overlaps the confidence that ASML draws from the business with artificial intelligence (AI). The Dutch chip machine manufacturer held its annual forecast for the quarterly balance on Wednesday. But “uncertainty” was the key word in the statements of the board. He left open how possible tariffs should affect business. It was too early for this. Investors reacted negatively: The share, battered in the past few months, continued to drop in the course, in early trade by more than seven percent. Analysts also referred to the order input that was under the estimated estimates. Half -conductor values were generally under pressure. Dealers named the ASML report as a factor, as the billion-dollar losses that the chip group Nvidia due to intensified restrictions for chip deliveries to China reporting key player in the semiconductor industry has become one of the central outfits of the semiconductor industry and thus into a business indicator of the entire industry. Therefore, the market was waiting with curiosity how the company from Veldhoven would assess the situation around the tariffs. When US President Donald Trump presented his list at the beginning of the month, it was initially unclear whether chip machine manufacturers would be excluded. In the meantime, it has turned out that they are indeed released. But on the one hand, nobody knows how long that has existed with Trump’s changeable politics. Secondly, the semiconductor industry is engaged globally: if the system is loaded in one part, the other parts are felt. The customs topic is still very new and has dynamics, said CEO Christophe Fouquet in a company -owned interview with him and CFO Roger Dasen. “This dynamic creates a new uncertainty in terms of global economy.” The company is currently still expecting the annual turnover between 30 and 35 billion euros. “Our conversations with customers so far support our expectation that 2025 and 2026 years of growth.” Four direct customs consequences – and one indirect mass performed four categories of possible tariffs that could have an impact on ASML this year: first, tariffs to new chip machines in export to the USA; Second, tariffs on spare parts and tools that ASML uses in customer service in the United States; Third, tariffs to imports that ASML needs for its production in the USA: fourth import duties that a third country could raise on machines that produces ASML in the USA. As an indirect effect, the macroeconomic implications mentioned by Fouquet were added, said Daesen: “To what extent will this affect the global gross domestic product? To what extent will this affect the demand for the market?” He sees it as much too early to discuss it. “And that’s why it is completely impossible to quantify that in concrete terms.” The investment bank Jefferies recently gave an example: the demand for smartphones, servers, laptops and cars should be weaker with tariffs than without – and thus also the need for chips and subsequently that in turn, in turn, the first quarter increased ASML compared to the opening quarter of 5.7 billion euros and doubled Net profit at 2.4 billion euros. The volume of the new orders added up to 3.9 billion euros, of which almost a third of the EUV machines were omitted-these are the most modern devices that ASML according to its own information is the only company in the world. For other machines, it competes with the US providers Applied Materials, Kla and Lam as well as with Nikon and Canon.asml that KI supports the demand for particularly modern chips. It remains the primary growth driver in the industry, said Fouquet on Wednesday. And it also depends significantly, where at the end of the annual turnover within the predicted range is failed. If the demand for AI remains strong and customers are able to expand capacities, one can be at the top, i.e. near 35 billion euros. “On the other hand, we still see uncertainty with some of our customers who could bring us to the lower end of the forecast, to the 30 billion euros,” said Fouquet.
