While the semiconductor equipment market is experiencing a cold spell, ASM International exceeded its own Q1 guidance by realizing sales of 249 million euros, which is a 56-percent increase year-on-year and only a slight decrease sequentially. The company also reported a strong order intake of 235 million euros. Net earnings amounted to 49,4 million euros.
ASMI expects to report similar results next quarter. Looking further ahead, “for 2019, general expectations are still that the wafer fab equipment (WFE) market will decline with a mid to high teens percentage. Logic and foundry, as compared to the memory segment, are expected to stay healthy in 2019. Based upon this current market view, we expect to meaningfully outperform the WFE market in 2019,” ASMI states in a press release.