ASM Sales Forecast Beats Estimates as AI Boom Drives Demand
ASM International NV 's first-quarter revenue forecast beat estimates as an artificial intelligence boom drives demand for the Dutch semiconductor-equipment maker's products.
It expects revenue of between €810 million ($849 million) and €850 million in the period, with a further increase in the second quarter, the Almere, Netherlands-based company said in a statement on Tuesday. That compares with the average €800.2 million analyst estimate compiled by Bloomberg. ASM also confirmed its outlook for the full year.
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