Latest news with #Ascend
Kuwait Times
2 days ago
- Business
- Kuwait Times
Dutch giant ASML sees profits rise but warns on 2026
THE HAGUE: Dutch tech giant ASML said Wednesday it booked higher net profits in the second quarter of 2025 compared with the same period last year but warned that geopolitical headwinds had darkened the 2026 outlook. The firm, which makes cutting-edge machines for the manufacture of semiconductors, said net profits came in at 2.3 billion euros, compared with 1.6 billion euros in the second quarter of last year. However, it warned that the growth outlook for next year was somewhat less rosy than before. 'Looking at 2026, we see that our AI customers' fundamentals remain strong,' said Chief Executive Officer Christophe Fouquet in a statement. 'At the same time, we continue to see increasing uncertainty driven by macro-economic and geopolitical developments,' he cautioned.'Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage.' Investors appeared to give more weight to the gloomy outlook for 2026 than the positive quarterly data, with ASML stock down six percent at the opening bell. When Fouquet presented first-quarter results in April, he also warned of 'increased uncertainty' due to tariffs with the situation likely to 'remain dynamic for a while.' However, he had reiterated his belief at that stage that 2025 and 2026 would be 'growth years.' The firm said its net sales in the second quarter of 2025 came in at 7.7 billion euros, at the upper end of its forecasts of between 7.2 and 7.7 billion euros. Net bookings, the figures most closely watched in the markets as a predictor of future performance, were 5.6 billion euros, compared to 3.9 billion euros in the first quarter. Fouquet said he expected sales in the third quarter to come in between 7.4 billion and 7.9 billion euros. ASML is a key cog in the global economy, as the semiconductors its machines help to make can power everything from smartphones to missiles. Longer term, ASML believes the rapidly expanding AI market will push its annual sales up to between 44 and 60 billion euros by 2030. It expects a 15-percent increase in sales this year to around 32.5 billion euros. 'I think long term, the semiconductor market remains very strong,' said Fouquet. 'And I think a lot of people say that AI is really a great opportunity. We have seen again the fundamentals around AI to be very, very strong.' The semiconductor industry has been buffeted by geopolitical headwinds in recent years. Washington has sought to curb exports of state-of-the-art chips to China, concerned that they could be used to advance Beijing's military systems and otherwise undermine American dominance in AI. In May, Trump's administration rescinded some export controls on semiconductors. But Washington also unveiled fresh guidelines warning firms that using Chinese-made high-tech AI semiconductors, specifically tech giant Huawei's Ascend chips, would put them at risk of violating US export controls. Beijing described the warnings as 'typical unilateral bullying and protectionism.' On Tuesday, US tech giant Nvidia announced it would resume sales of its H20 artificial intelligence chips to China, after Washington pledged to remove licensing curbs that had halted exports. — AFP
Cision Canada
3 days ago
- Business
- Cision Canada
Ascend Wellness Holdings Launches Fully Refreshed eCommerce Ecosystem
Includes a New Loyalty Program and Elevated Digital Shopping Experience NEW YORK, July 17, 2025 /CNW/ - Ascend Wellness Holdings, Inc. ("AWH" or "Ascend") (CSE: AAWH.U) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator, today announced the launch of its completely reimagined eCommerce platform. Designed to bring Ascend to the cutting edge of eCommerce and loyalty, this new ecosystem will deliver an improved customer experience including an all new, fully revamped loyalty program, the Ascenders Club. This loyalty program was rebuilt to be a new gold standard and features a four-tiered system designed to reward and engage customers through personalized perks, seamless digital integration, and best-in-class benefits across all retail channels. Ascenders Club will resolve many of our customers' pain points – simplifying and enhancing the customer experience with greater value per reward, improved point accrual, and unified redemption across locations. Structured into four tiers — Blue, Gold, Platinum, and the exclusive Legends Club — the program features elevated perks at each level, including special offers, birthday gifts, launch discounts, and priority access to new drops. Ascenders Club is powered by full-stack Dutchie integration and a new Ascend Dispensary App. These upgrades enable a frictionless shopping experience where customers can browse, track rewards, and pay directly through the app using Ascend Pay, a secure, cashless digital wallet solution. Highlights of the new program and tech stack include: Full eCommerce Rollout: This next-generation platform delivers a faster, frictionless shopping experience, featuring an AI-powered recommendation engine to personalize product discovery. Ascend Pay: A new payment solution empowering customers to shop and pay online seamlessly — no wallet needed and no waiting in-store, enabling faster and more convenient pickups. New Shopping App with Integrated Loyalty: A true one-stop shop. Customers can browse, shop, earn and redeem loyalty points, and pay — all in a single, intuitive interface designed to deepen engagement and strengthen brand connection. Revamped Loyalty Program: Engineered to deliver industry-leading value and exclusive perks, this four-tiered program incentivizes spend, boosts retention, and sets a new benchmark for customer loyalty in cannabis retail. Legends Club: An invite-only loyalty segment that recognizes and rewards Ascend's most valued customers with unmatched benefits and personalized experiences. "We completely redesigned our full tech stack and the Ascenders Club to meet our customers where they are — online, on-the-go, and ready for more value and personalization," said Sam Brill, CEO of AWH. "This launch represents a complete transformation of our customer experience, combining a sleek new app, real-time reward tracking, and meaningful perks at every level. We see it as a critical step forward for cannabis retail." The Ascenders Club officially launched on July 15, with existing customers automatically enrolled into their respective tiers based on purchase history. New customers can join via web, in store or through the new Ascend Dispensary App, available now on the App Store. For more information about Ascenders Club, visit AWH is a vertically integrated operator with assets in Illinois, Maryland, Massachusetts, Michigan, New Jersey, Ohio and Pennsylvania. AWH owns and operates state-of-the-art cultivation facilities, growing award-winning strains and producing a curated selection of products for retail and wholesale customers. AWH produces and distributes its in-house Simply Herb, Ozone, Ozone Reserve, High Wired, Effin', Common Goods, and Royale branded products. For more information about AWH, visit
Qatar Tribune
3 days ago
- Business
- Qatar Tribune
Dutch giant ASML sees profits rise but warns on 2026
Agencies Dutch tech giant ASML said Wednesday it booked higher net profits in the second quarter of 2025 compared with the same period last year but warned that geopolitical headwinds had darkened the 2026 outlook. The firm, which makes cutting-edge machines for the manufacture of semiconductors, said net profits came in at 2.3 billion euros, compared with 1.6 billion euros in the second quarter of last year. However, it warned that the growth outlook for next year was somewhat less rosy than before. 'Looking at 2026, we see that our AI customers' fundamentals remain strong,' said Chief Executive Officer Christophe Fouquet in a statement. 'At the same time, we continue to see increasing uncertainty driven by macro-economic and geopolitical developments,' he cautioned. 'Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage.' Investors appeared to give more weight to the gloomy outlook for 2026 than the positive quarterly data, with ASML stock down six percent at the opening bell. When Fouquet presented first-quarter results in April, he also warned of 'increased uncertainty' due to tariffs with the situation likely to 'remain dynamic for a while.' However, he had reiterated his belief at that stage that 2025 and 2026 would be 'growth years.' The firm said its net sales in the second quarter of 2025 came in at 7.7 billion euros, at the upper end of its forecasts of between 7.2 and 7.7 billion euros. Net bookings, the figures most closely watched in the markets as a predictor of future performance, were 5.6 billion euros, compared to 3.9 billion euros in the first quarter. Fouquet said he expected sales in the third quarter to come in between 7.4 billion and 7.9 billion euros. ASML is a key cog in the global economy, as the semiconductors its machines help to make can power everything from smartphones to missiles. Longer term, ASML believes the rapidly expanding AI market will push its annual sales up to between 44 and 60 billion euros by 2030. It expects a 15-percent increase in sales this year to around 32.5 billion euros. 'I think long term, the semiconductor market remains very strong,' said Fouquet. 'And I think a lot of people say that AI is really a great opportunity. We have seen again the fundamentals around AI to be very, very strong.' The semiconductor industry has been buffeted by geopolitical headwinds in recent years. Washington has sought to curb exports of state-of-the-art chips to China, concerned that they could be used to advance Beijing's military systems and otherwise undermine American dominance in AI. In May, Trump's administration rescinded some export controls on semiconductors. But Washington also unveiled fresh guidelines warning firms that using Chinese-made high-tech AI semiconductors, specifically tech giant Huawei's Ascend chips, would put them at risk of violating US export controls. Beijing described the warnings as 'typical unilateral bullying and protectionism.' On Tuesday, US tech giant Nvidia announced it would resume sales of its H20 artificial intelligence chips to China, after Washington pledged to remove licensing curbs that had halted exports.
Japan Today
3 days ago
- Business
- Japan Today
Dutch tech giant ASML sees profits rise but warns on 2026
By Richard CARTER Dutch tech giant ASML said Wednesday it booked higher net profits in the second quarter of 2025 compared with the same period last year but warned that geopolitical headwinds had darkened the 2026 outlook. The firm, which makes cutting-edge machines for the manufacture of semiconductors, said net profits came in at 2.3 billion euros, compared with 1.6 billion euros in the second quarter of last year. However, it warned that the growth outlook for next year was somewhat less rosy than before. "Looking at 2026, we see that our AI customers' fundamentals remain strong," said Chief Executive Officer Christophe Fouquet in a statement. "At the same time, we continue to see increasing uncertainty driven by macro-economic and geopolitical developments," he cautioned. "Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage." When Fouquet presented first-quarter results in April, he also warned of "increased uncertainty" due to tariffs with the situation likely to "remain dynamic for a while." However, he had reiterated his belief at that stage that 2025 and 2026 would be "growth years." The firm said its net sales in the second quarter of 2025 came in at 7.7 billion euros, at the upper end of its forecasts of between 7.2 and 7.7 billion euros. Net bookings, the figures most closely watched in the markets as a predictor of future performance, were 5.6 billion euros, compared to 3.9 billion euros in the first quarter. Fouquet said he expected sales in the third quarter to come in between 7.4 billion and 7.9 billion euros. AI market 'very strong' ASML is a key cog in the global economy, as the semiconductors its machines help to make can power everything from smartphones to missiles. Longer term, ASML believes the rapidly expanding AI market will push sales up to between 44 and 60 billion euros by 2030. "I think long term, the semiconductor market remains very strong," said Fouquet. "And I think a lot of people say that AI is really a great opportunity. We have seen again the fundamentals around AI to be very, very strong." The semiconductor industry has been buffeted by geopolitical headwinds in recent years. Washington has sought to curb exports of state-of-the-art chips to China, concerned that they could be used to advance Beijing's military systems and otherwise undermine American dominance in AI. In May, Trump's administration rescinded some export controls on semiconductors. But Washington also unveiled fresh guidelines warning firms that using Chinese-made high-tech AI semiconductors, specifically tech giant Huawei's Ascend chips, would put them at risk of violating US export controls. Beijing described the warnings as "typical unilateral bullying and protectionism." On Tuesday, U.S. tech giant Nvidia announced it would resume sales of its H20 artificial intelligence chips to China, after Washington pledged to remove licensing curbs that had halted exports. © 2025 AFP
Int'l Business Times
4 days ago
- Business
- Int'l Business Times
Dutch Tech Giant ASML Sees Profits Rise But Warns On 2026
Dutch tech giant ASML said Wednesday it booked higher net profits in the second quarter of 2025 compared with the same period last year but warned that geopolitical headwinds had darkened the 2026 outlook. The firm, which makes cutting-edge machines for the manufacture of semiconductors, said net profits came in at 2.3 billion euros, compared with 1.6 billion euros in the second quarter of last year. However, it warned that the growth outlook for next year was somewhat less rosy than before. "Looking at 2026, we see that our AI customers' fundamentals remain strong," said Chief Executive Officer Christophe Fouquet in a statement. "At the same time, we continue to see increasing uncertainty driven by macro-economic and geopolitical developments," he cautioned. "Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage." When Fouquet presented first-quarter results in April, he also warned of "increased uncertainty" due to tariffs with the situation likely to "remain dynamic for a while." However, he had reiterated his belief at that stage that 2025 and 2026 would be "growth years." The firm said its net sales in the second quarter of 2025 came in at 7.7 billion euros, at the upper end of its forecasts of between 7.2 and 7.7 billion euros. Net bookings, the figures most closely watched in the markets as a predictor of future performance, were 5.6 billion euros, compared to 3.9 billion euros in the first quarter. Fouquet said he expected sales in the third quarter to come in between 7.4 billion and 7.9 billion euros. ASML is a key cog in the global economy, as the semiconductors its machines help to make can power everything from smartphones to missiles. Longer term, ASML believes the rapidly expanding AI market will push sales up to between 44 and 60 billion euros by 2030. "I think long term, the semiconductor market remains very strong," said Fouquet. "And I think a lot of people say that AI is really a great opportunity. We have seen again the fundamentals around AI to be very, very strong." The semiconductor industry has been buffeted by geopolitical headwinds in recent years. Washington has sought to curb exports of state-of-the-art chips to China, concerned that they could be used to advance Beijing's military systems and otherwise undermine American dominance in AI. In May, Trump's administration rescinded some export controls on semiconductors. But Washington also unveiled fresh guidelines warning firms that using Chinese-made high-tech AI semiconductors, specifically tech giant Huawei's Ascend chips, would put them at risk of violating US export controls. Beijing described the warnings as "typical unilateral bullying and protectionism." On Tuesday, US tech giant Nvidia announced it would resume sales of its H20 artificial intelligence chips to China, after Washington pledged to remove licensing curbs that had halted exports.
