ASM International Cuts Outlook After Chip Demand Disappoints

ASM International NV cut its sales outlook for the second half of the year, citing lower-than-anticipated demand from some of the semiconductor equipment maker’s clients.

Revenue growth for 2025 will come in at the lower end of the previously guided range of 10% to 20%, at constant currencies, ASM said in a statement ahead of its investor day on Tuesday. While the third quarter will be in line with previous guidance, the Almere, Netherlands-based company said it’s expecting a drop off in the final quarter.