Semiconductor group ASMI sees higher revenue in second half of 2022

ASMI, the Dutch Semiconductor supplier on Tuesday forecast higher revenue in the second half of 2022 as it expects supply chain issues to continue in the 1 st half.
“Based on the current visibility, we expect revenue in the 2nd half of 2022 to be higher than the 1 st half”, a company statement issued. Other groups such as Intel Corp and Applied Materials Inc, hit by supply chain challenges, expect the recovery to take longer despite rising global demand for chips used in products ranging from cars to computers and smartphones.

ASMI expects 1 st quarter revenue of 500-530 million Euros ($567-$601 million), after 491.3 million Euros in the 4th quarter. One of ASMI’S peers, BE Semiconductor on Friday also has forecast a rise in 1 st quarter revenue, as it expects to benefit from leading chipmaker’s plan to boost investments. ASMI reported record order intake in the 4th quarter of 644.9 million Euros.

The group is also launching a new share buyback programme, where it is planning to repurchase up to 100 million
Euros of stock over 2022-2023.