Gold prices steady ahead of Fed decision; weekly weakness noted
Investing.com -- ASML Holding NV (AS:ASML) ADR (NASDAQ:ASML) stock fell after Nikkei reported that Samsung Electronics (KS:005930) is delaying the completion of its semiconductor factory in Texas due to customer shortages.
The Dutch semiconductor equipment manufacturer’s shares dropped 0.9% following news that Samsung is postponing the full installation of equipment at its Texas facility. According to sources familiar with the matter who spoke to Nikkei Asia, the South Korean chipmaker is struggling to secure enough customers for the plant’s output, despite having committed to invest more than $37 billion in Texas.
Samsung had received up to $4.7 billion in grants from the Biden administration in December under the CHIPS and Science Act, which aimed to strengthen U.S. technology leadership in semiconductor manufacturing. However, the delay in completing the Texas facility directly impacts ASML, as it reduces potential equipment sales to Samsung.
The postponement contributes to a weaker outlook for ASML in 2025, as Samsung would have been a significant customer for ASML’s advanced lithography systems used in chip production. ASML is the world’s only manufacturer of extreme ultraviolet (EUV) lithography machines, which are essential for producing the most advanced semiconductor chips.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.