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International Business Times
International Business Times
World
Richard CARTER

MYSTERIOUS: Asml shares dive on lower profits orders - What They Never Told You

ASML China Semiconductor Mark Rutte Roger Dassen Xi Jinping United States
ASML saw a decline in net profits and bookings (Credit: AFP)

Shares in Dutch tech giant ASML, which supplies chip-making machines to the semiconductor industry, slumped Wednesday after the firm reported a drop in net profits and orders amid a high-tech trade spat between China and the West.

Net profits came in at 1.2 billion euros ($1.3 billion) in the first quarter, compared to 2.0 billion euros the firm reported in the fourth quarter of last year.

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