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European Commission President Ursula von der Leyen: New initiatives will be announced to deepen the integration of the European and Ukrainian defense industries.European Commission President Ursula von der Leyen has arrived in Kyiv, Ukraine for a visit.July 15th - ASML (ASML.O) has raised its full-year sales forecast for the second time this year, driven by the ongoing investment boom in artificial intelligence (AI) to boost demand for chip manufacturing equipment. The company said on Wednesday that it expects net sales this year to reach €43 billion to €45 billion, up from its April forecast of €36 billion to €40 billion. As tech companies like Microsoft and Alphabet invest hundreds of billions of dollars in building advanced AI infrastructure, chipmakers are accelerating capacity expansion. Meeting market demand is one of the key challenges currently facing ASML CEO Kelley Ferguson. ASML previously stated that it plans to produce at least 60 low numerical aperture (LNA) extreme ultraviolet (EUV) lithography machines this year and expects to have the capacity to produce at least 80 LNA EUV machines annually by 2027. Furthermore, ASML is continuing to expand its production capacity, with a new campus in Eindhoven, Netherlands, scheduled to begin construction this quarter, eventually accommodating approximately 20,000 employees.July 15th - ASML (ASML.O), the worlds largest supplier of computer chip manufacturing equipment, reported second-quarter revenue and profit that both exceeded market expectations on Wednesday, as demand from artificial intelligence chip manufacturers offset uncertainty surrounding sales to China. According to the median estimate from LSEG, ASMLs revenue for the three months ending June 30th was €9.33 billion (approximately $10.9 billion), higher than analysts expectations of €8.8 billion. Net profit was €2.92 billion, also exceeding market expectations of €2.62 billion.On July 15th, ASML (ASML.O), a lithography machine manufacturer, announced on Tuesday that Intel (INTC.O) has decided to use ASMLs high-end equipment to produce some of its flagship Panther Lake laptop chips. This move will help Intel more effectively accumulate experience in using the equipment. ASML stated that Intel has been experimenting with and has begun using ASMLs next-generation high numerical aperture (HNA) extreme ultraviolet (EUV) lithography machine since 2024. This lithography machine can transfer circuit patterns onto wafers to help produce some of its Panther Lake processors. HNA lithography equipment costs approximately $400 million, twice the price of a standard EUV lithography machine. Furthermore, applying this equipment to the production process is technically extremely challenging. Intel is using the HNA equipment to test specific layers of the chip, which will help Intel and ASML collect data and optimize the equipment.

Asia-Pacific Shares Move Higher as Investors Bet on Fed “Pivot”

Jimmy Khan

Oct 31, 2022 16:01



On Monday, the main Asia-Pacific stock indices were generally up as traders ignored disappointing manufacturing and non-manufacturing statistics from China and turned their attention to the US Federal Reserve meeting later in the week. Traders said that the markets were mostly underpinned by expectations that the Fed will later this week sound less assertive about potential rate rises.


Gains are being reported in Australia, South Korea, Hong Kong, and Japan, although China's equities plummeted as a result of the dismal economic statistics.


The revelation of an electronic visa system for Chinese citizens visiting Macao helped casino companies recover, and Hong Kong's Hang Seng Index increased by 0.89%. According to CNBC, the Shanghai Composite in mainland China was down by 0.03%.

China's factory activity decreased in October, falling short of expectations

Compared to September, China's manufacturing activity decreased in October, according to statistics from the National Bureau of Statistics.


The official manufacturing Purchasing Managers' Index reading of 49.2 fell short of forecasts for a reading of 50, the line dividing monthly expansion from contraction. The PMI score for September was 50.1.


The official non-manufacturing PMI for China registered at 48.7, down from a reading of 50.6 in September.

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