Tech firm ASML sees lower profit amid US-China trade feud

Dutch semiconductor firm ASML says it expects strong growth for 2023, with net sales rising more than 25%, even with the US-China trade feud. – pic, January 25, 2023.

DUTCH firm ASML, a major equipment supplier to the semiconductor industry, announced on Wednesday a drop in profits last year amid tech trade frictions between China and the United States.

The group reported a net profit of €5.6 billion (RM25.9 billion) for 2022, 4.4% lower than in the previous year.

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