ASML Orders Fall Short of Estimates

ASML reported lower-than-expected orders, citing weakness in the chip sector. The Dutch company reported bookings of €3.94 billion ($4.47 billion) in the three months through March, lower than the average analyst expectation of €4.82 billion. ASML is the sole producer of cutting-edge lithography machines used by semiconductor companies like TSMC to make advanced chips. Bloomberg’s Charlotte Hughes-Morgan reports. ——-