Latest news with #HichemM'Saad
CNA
30-04-2025
- Automotive
- CNA
ASM International shifts some manufacturing to US to escape tariffs
Dutch chip-making equipment supplier ASM International 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. "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 including ASML and BESI, with U.S. sales accounting for 21 per cent of its revenue last year. It also competes with major U.S. players such as Applied Materials and LAM Research, and analysts have warned it is at risk of losing market share to them. Europe's second-largest semiconductor equipment supplier has had a presence in Arizona for more than half a century, where it has been joined by customers such as Intel and TSMC which manufacture advanced chips for Nvidia and AMD. M'Saad said being close to chipmakers will help with the development and adoption of ASM's most advanced processes, like Atomic Layer Deposition, where it has so far had little competition.
Yahoo
30-04-2025
- Business
- Yahoo
ASM International says it started manufacturing tools in the U.S
(Reuters) -Dutch chip-making equipment supplier ASM International 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 or BESI, with U.S. sales accounting for 21% of its revenue last year. Sign in to access your portfolio
CNA
30-04-2025
- Automotive
- CNA
ASM International says it started manufacturing tools in the U.S
Dutch chip-making equipment supplier ASM International 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 or BESI, with U.S. sales accounting for 21 per cent of its revenue last year.
Reuters
30-04-2025
- Business
- Reuters
ASM International says it started manufacturing tools in the U.S.
April 30 (Reuters) - Dutch chip-making equipment supplier ASM International ( 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 ( opens new tab or BESI ( opens new tab, with U.S. sales accounting for 21% of its revenue last year.
Time of India
30-04-2025
- Business
- Time of India
ASM International says it started manufacturing tools in the US
ASM International has begun local production of chipmaking tools in the US, CEO Hichem M'Saad said, citing US tariff concerns. With 21% of its revenue from the US, ASM is more exposed than peers like ASML. Manufacturing has started in Phoenix, Arizona. Tired of too many ads? Remove Ads Dutch chip-making equipment supplier ASM International has started local production of tools for US chipmakers in response to the US tariffs backdrop, its Chief Executive said on Wednesday."We've already started to manufacture some of the tools for our customers in the US, 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 US market among European peers such as ASML or BESI , with US sales accounting for 21% of its revenue last year.
