ASML Holding reported orders for the first quarter that were almost €1 billion less than expected and warned that it did not know how to quantify the impact from recent tariff announcements, which are threatening to upend the semiconductor industry.
Shares fell as much as 7.6 per cent to €559.30 in Amsterdam on Wednesday.
ASML is the sole producer of cutting-edge lithography machines used by semiconductor companies to make advanced chips for various products including Apple’s smartphones and Nvidia’s artificial intelligence (AI) accelerators.
The company has benefited from an AI boom that has seen tech giants invest billions of dollars in chips and data centres to power the emerging technology. This has allowed ASML to project revenue ranging between €44 billion and €60 billion in 2030.
But concern over a potential slowdown in AI demand has intensified after disappointing outlooks from some chipmakers and analyst warnings, compounded by looming US tariffs.
