ASM International says it started manufacturing tools in the U.S.
April 30 (Reuters) - Dutch chip-making equipment supplier ASM International (ASMI.AS), opens new tab has started local production of tools for U.S. chipmakers in response to the U.S. tariffs backdrop, its Chief Executive said on Wednesday.
"We've already started to manufacture some of the tools for our customers in the U.S., just to get us started," CEO Hichem M'Saad said a day after the company reported quarterly earnings.
"I think that our global installed base, our global infrastructure, allows us to really have manufacturing in many places - and Phoenix, Arizona, is one of them."
ASM is the most exposed to the U.S. market among European peers such as ASML (ASML.AS), opens new tab or BESI (BESI.AS), opens new tab, with U.S. sales accounting for 21% of its revenue last year.
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Pakistan likely to hike defence spending but slash overall budget in 2025-26
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