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India.com
3 days ago
- Business
- India.com
This semiconductor manufacturing company became victim of politics, lost Rs Rs 11000000000000, the company is....
This semiconductor manufacturing company became victim of politics, lost Rs Rs 11000000000000, the company is.... One of the largest technology companies in Europe, ASML, has witnessed a massive loss in the last one year. The market value of the Dutch company plunged to USD 130 billion (about Rs 10.8 lakh crore). In July 2024, its value was USD 130 billion (about Rs 10.8 lakh crore). The value of the company has fallen drastically in less than a year. However, there is no fault of the company in the losses, and it has fallen prey to the political game which is going on between the United States and China. Notably, Dutch company ASML is a crucial link in the semiconductor industry, and it is the only company in the globe that makes EUV (Extreme Ultraviolet Lithography) machines. These EUV machines are essential for chipmaker companies that manufacture the most modern and fastest chips, like TSMC, Samsung and Intel. However, the ongoing trade tensions between Washington and Beijing have badly affected the Dutch company. The US has put a ban on shipping these machines to China, due to which ASML can no longer sell its advanced machines to China. This development has directly affected the sales of the company. ASML CEO Christophe Fouquet stated that the company's sales from China in 2025 will be lower than past years. However, the company has recently started shipping the next-generation High NA EUV machines. Notably, these High NA EUs may remain in demand from big companies like Samsung and Intel in the future. What Does Analyst Said? Although current market conditions are challenging, some analysts remain positive. A US-Europe trade agreement could boost market confidence, and projections suggest ASML's prospects are strong for 2025 and 2026 due to rising demand for its chipmaking equipment. One analysis predicts a potential 17% increase in ASML's stock price in the coming months. What is the history of the company? ASML Holding NV is a Dutch company which was founded in 1984 as a joint venture between Philips and ASM International. Headquartered in Veldhoven, the company became independent in 1995. ASML manufactures and sells photolithography machines for the semiconductor industry, specifically EUV and DUV machines. Most of ASML's revenue comes from Asian countries such as – Japan, South Korea, Taiwan, and China. Asia is its largest market for the Dutch company, accounting for about 70 percent of total sales. But China's contribution is expected to decline in 2025. ASML also has a strong presence in Europe and the America.
Time of India
24-04-2025
- Time of India
ED sleuths blow lid off foreign cigarette smuggling network in Hyderabad
Hyderabad: Enforcement Directorate (ED) investigators on Thursday conducted coordinated search operations across multiple locations in the city, targeting a network of alleged cigarette smugglers and hawala dealers. The crackdown followed a case booked by the Directorate of Revenue Intelligence (DRI), which previously booked several cases against the accused individuals under the Customs Act and other relevant laws. Searches were carried out on premises located in Begum Bazar and Malakpet, where five individuals connected to alleged smuggling and illegal financial transactions were under the scanner. Among them, one person was identified as a clearing and forwarding (C&F) agent of a major gutka brand. Substantial amounts of unaccounted cash were recovered during the raids, officials said. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad The individuals named in the operation include Mohammed Hasnuddin, also known as Hasan, and Mohammed Azmatullah. Hasnuddin, who operates a kirana store, SS Traders in Begum Bazar, was previously identified as the key operator in a smuggling racket involving banned Paris cigarettes from Bangladesh. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo In Aug 2017, the Task Force police had apprehended two of Hasnuddin's associates — Ajaz Ali and Ali Raza — while they were transporting 48,000 packets of banned Paris brand cigarettes via a Tata Ace auto from the Nampally railway station. Seizures in that case included cigarettes worth Rs Rs 19.2 lakh, cash, railway receipts, mobile phones, and the vehicle used for transport.
