ASML Holding NV , Europe's largest technology company, beat fourth-quarter earnings forecasts on Wednesday and forecast a rise more than 25% in 2023 sales despite possible new curbs on its exports to China.
It said its order backlog had grown to a record 40 billion euros at the end of the year.
CEO Peter Wennink said that although the economic outlook for 2023 is clouded by worries over the economy and growing semiconductor inventories, customers also see conditions improving toward the end of the year and China's economy recovering after the end of COVID-19 curbs.CHINA The numbers come a week after U.S. President Joe Biden and Dutch Prime Minister Mark Rutte discussed possible new export restrictions on some of ASML's sales to customers in China due to security concerns.
""We just have to wait for the governments and the politicians to keep talking and come to a reasonable solution ," Wennink said.The company had China sales worth 2.16 billion euros in 2022 accounting for 14% of its total revenue. It was the firm's third biggest market behind Taiwan and South Korea.
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