ASML, a leading manufacturer of lithography equipment for the semiconductor industry, released its Q3 2024 financial results. Despite this positive performance, ASML revised its 2025 revenue forecast downwards due to a slower-than-expected recovery in the semiconductor industry and customer cautiousness. The slower recovery was driven by factors like a slower rebound in end markets such as mobile and PCs, competitive dynamics in the foundry business, and a more gradual recovery in the memory segment. This led to customer cautiousness and push-outs in their investments. ASML expects China sales to normalize to around 20% of total revenue in 2025 (vs. 40-50%, lately) , aligning with historical trends and its share of the backlog
