ASML boss says “zero” signs of easing demand from semiconductor manufacturers –

REUTERS/Piroschka van de WouwRegister now for FREE endless access to Reuters.comRegisterAMSTERDAM, April 20 (Reuters) – There is no indication of any subsiding in demand from semiconductor manufacturers in the middle of the global computer system chip shortage, the chief executive of essential equipment supplier ASML Holding NV (ASML.AS) stated on Wednesday, especially in the market for older chips.ASML, which sells equipment to TSMC (2330. Zero,” Peter Wennink said on a call with experts.”Register now for FREE limitless access to Reuters.comRegisterWennink dismissed concerns about possible slack in the industry, saying that in addition to a waiting duration of more than a year for the companys cutting edge products, “nearly every customer we have actually ever sold a machine to” is presently attempting to obtain older chip production equipment.ASML makes lithography systems, used to create the circuitry of computer system chips.Wennink told an anecdote about an unnamed major industrial business that he said was buying old cleaning makers in order to restore the chips in them, including that the story was not unique.He likewise kept in mind that utilisation rates of ASMLs devices were at all-time highs, suggesting that customers are purchasing more not to stock however since they can not keep up with need.

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