ASML Holding NV expects strong demand for its chip-making equipment to continue well into 2005, providing a boost for a semiconductor sector that had been spooked by disappointing results from Intel Corp.
The Veldhoven, Netherlands-based company reported second-quarter figures ahead of expectations, with net income of 65m euros ($80.6m), up from a loss of 64m euros ($79.4m) on revenue 87.2% higher at 453m euros ($561.7m).
CEO Doug Dunn said he sees no sign of demand slowing, with economic indicators showing positive signs, and demand for chips increasing. He said the company is enthusiastic about prospects for the remainder of 2004 and beyond.
The order backlog at the end of the quarter was 174 lithography systems, worth1.8bn euros ($2.2bn), 168% higher than a year earlier.
ASML forecasts that new unit sales in the next three months will be similar to the second quarter but said it expects sales to accelerate in the fourth quarter.