TF International Securities analyst Ming-Chi Kuo is widely followed for his checks on supply chains in Asia and the conclusions he draws from them.
ASML Holding shares dropped on Wednesday after TF International Securities analyst Ming-Chi Kuo said the chip-equipment maker may face cuts to orders next year.
Kuo is widely followed for his checks on supply chains in Asia and the conclusions he draws from them. “My latest research indicates that ASML may cut EUV equipment shipment forecasts significantly for 2024 by about 20–30%,” he wrote in a post on social media and Medium. The company had no comment on Kuo’s analysis, but said it would offer a forecast on sales of EUVs when it reports third-quarter earnings in a few weeks.
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