ASM International NV, together with its subsidiaries, researches, develops, manufactures, markets, and services equipment and materials used to produce semiconductor devices in the United States, Europe, and Asia. Its equipment is used in wafer processing, including the fabrication steps in which silicon wafers are layered with semiconductor devices. The company provides wafer-processing deposition systems for surface modification, atomic layer deposition (ALD) such as plasma enhanced ALD (PEALD), epitaxy (Epi), plasma enhanced chemical vapor deposition (PECVD), and vertical furnace systems including low pressure chemical vapor deposition (LPCVD), diffusion, oxidation, and cure. It also offers silicon carbide epitaxy (SiC Epi) tools for power and wafer applications, chemical mechanical polishing equipment for compound semiconductors and More-than-Moore manufacturing, and spare parts and support services, selling to semiconductor manufacturers. Formerly known as Advanced Semiconductor Materials International NV, ASM International NV was incorporated in 1968 and is headquartered in Almere, the Netherlands.
China chip tool breakthrough and AI slowdown fears hit ASM
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China's own chipmaking tools threaten demand China began mass-producing its own deep ultraviolet chipmaking equipment, the machines that make advanced chips. If Chinese chipmakers buy local tools instead of Western ones, they need less of ASM's deposition equipment, so investors sold the stock hard.
This is the biggest new force behind the drop, directly hitting ASM's future sales.
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AI leaders call for slower development Top AI figures including Anthropic's Dario Amodei and OpenAI's Sam Altman urged a slower pace of AI development. That clouds the outlook for AI-driven chip equipment demand, and ASM fell 8.7% as investors questioned how fast AI spending will keep growing.
A fresh, separate worry about ASM's end-market demand that drove a sharp sell-off.
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Sector-wide tech sell-off drags ASM down Even with a positive earnings outlook, ASM dropped 4.8% as European tech stocks fell for a third straight day. When the whole sector is sold, strong company news is not enough to hold the share price up.
Shows ASM's price is being pulled by broad sector weakness, not just its own results.
Q3 2026
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China chip tool breakthrough and AI slowdown fears hit ASM
▼
China's own chipmaking tools threaten demand China began mass-producing its own deep ultraviolet chipmaking equipment, the machines that make advanced chips. If Chinese chipmakers buy local tools instead of Western ones, they need less of ASM's deposition equipment, so investors sold the stock hard.
This is the biggest new force behind the drop, directly hitting ASM's future sales.
▼
AI leaders call for slower development Top AI figures including Anthropic's Dario Amodei and OpenAI's Sam Altman urged a slower pace of AI development. That clouds the outlook for AI-driven chip equipment demand, and ASM fell 8.7% as investors questioned how fast AI spending will keep growing.
A fresh, separate worry about ASM's end-market demand that drove a sharp sell-off.
▼
Sector-wide tech sell-off drags ASM down Even with a positive earnings outlook, ASM dropped 4.8% as European tech stocks fell for a third straight day. When the whole sector is sold, strong company news is not enough to hold the share price up.
Shows ASM's price is being pulled by broad sector weakness, not just its own results.
News & notes movingASM.AS
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Semiconductors▲
UBS Names ASML, ASM International, STMicroelectronics Top European Chip Picks Ahead of Q3 2026 Earnings
UBS analyst Francois-Xavier Bouvignies maintained a constructive outlook on European semiconductor stocks heading into third-quarter 2026 earnings, naming ASML Holding NV, ASM International NV and STMicroelectronics NV as his top three picks in a September 29 research note. The investment bank raised its wafer-fab equipment forecast for 2026 through 2028, projecting total WFE reaching approximately $225 billion in 2027, up 43% year-over-year, with potential to climb toward $275 billion to $300 billion by 2028, and it keeps 2027-2028 earnings estimates more than 10% above consensus across the sector. ASML remains the top pick with a Buy rating and a €2,350 price target, and UBS expects the company to guide fiscal 2027 revenue growth above 30% year-over-year when it reports third-quarter results on October 14, with its third-quarter revenue estimate of €12.1 billion sitting 3% above consensus. ASM International is second, with UBS forecasting 36% revenue growth in fiscal 2027 versus consensus at 29% and 33% growth in 2028 versus consensus at 19%, translating to EPS estimates 10% above consensus in 2027 and 20% above in 2028 ahead of results due October 27. STMicroelectronics completes the top three with a Buy rating and €80 price target, as UBS sees 2027 EPS roughly 20% above consensus, silicon photonics revenues reaching about $2.0 billion in 2027 and $2.5 billion in 2028, and total datacenter revenues of approximately $2.5 billion, or about 14% of group sales, in 2027 rising to roughly $3.8 billion, or 19% of group sales, by 2028, with fourth-quarter revenue guidance expected up approximately 10% quarter-over-quarter when it reports on October 29.
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ASM.AS▼impact 4
Tech stocks slide as AI bosses call for slowdown in development
US tech stocks fell sharply on Monday after Anthropic chief executive Dario Amodei called for tech companies to reduce the speed of AI development, a call backed by OpenAI boss Sam Altman, Elon Musk and Google DeepMind chairman Sir Demis Hassabis. The Nasdaq Composite dropped as much as 1.3pc to 25,992.54, with Sandisk, Intel and Micron all falling more than 6pc and Nvidia, the world's largest company by market value, down 3.8pc; the Dow Jones Industrial Average fell as much as 0.4pc to 52,385.52 and the S&P 500 declined 0.8pc to 7,597.05. Donald Trump rejected the calls, writing on Truth Social that there is a "SICK conspiracy going on against AI and Data Centers," while Vice-President JD Vance called the industry's requests for regulation "a Trojan horse." In Europe, the Cac 40 in France, the Dax in Germany and the Ibex 35 in Spain each fell 0.6pc, with Germany's Infineon down 7.2pc and Dutch companies ASML and ASMI losing 4.8pc and 8.1pc respectively, while the FTSE 100 rose 0.6pc as software stocks including Sage, Relx and London Stock Exchange Group gained. OpenAI separately called on the UK Government to introduce mandatory safety rules for major AI developers, with the AI Security Institute playing a central role in third-party testing, and Canadian Prime Minister Mark Carney called for a global "technology stability board" modelled on the Financial Stability Board.
European AI Stocks Slide as ASML, Soitec Lead Sell-Off
European semiconductor stocks tied to the AI infrastructure boom sold off sharply on September 14 after prominent artificial intelligence figures called for a more cautious pace of frontier-model development. ASML fell about 5.2%, ASM International dropped 8.7%, Infineon lost 7.6%, and Soitec was the worst performer in the Stoxx 600 with a decline of roughly 12.6%. The reversal was especially stark for Soitec, which less than two weeks earlier, on September 2, had upgraded second-quarter revenue guidance to around 50% year-on-year growth from more than 30%, driven by demand for its Photonics-SOI products used in high-speed optical connections inside AI data centers, and now expects full-year Photonics-SOI revenue to reach between 2.5 and three times the prior year's level of just over $100 million. ASML, whose lithography machines are essential for manufacturing the world's most advanced chips, generated €9.3 billion of net sales in the second quarter. The sell-off landed on a market already dealing with higher oil prices and rising bond yields, and some software and information companies previously seen as AI casualties rose as the hardware trade fell, suggesting investors were reconsidering who wins if the AI race proceeds more slowly than assumed.
SOI.PA · Demand · Negative Worst Stoxx 600 performer (-12.6%) as the AI slowdown fears undercut demand outlook for its Photonics-SOI products used in AI data centers.
ASML.AS · Demand · Negative Fell about 5.2% as the AI capex outlook weakened after AI figures urged slower frontier-model development, hitting demand for its advanced lithography tools.
ASM.AS · Demand · Negative Dropped 8.7% amid the AI-infrastructure sell-off triggered by calls for a more cautious pace of frontier-model development.
IFX.XETRA · Demand · Negative Sold off with AI-infrastructure semiconductor peers as AI figures urged a slower pace of frontier-model development, threatening chip demand.
ASM International buys back 86,759 shares for €68.4 million
ASM International N.V. repurchased 86,759 of its own shares between August 31 and September 4, 2026, at an average price of €788.33 per share, for a total value of €68,394,855. These transactions are part of the €150 million buyback program that began on August 10, 2026, of which 84.9% has now been completed. The repurchases were executed on Euronext Amsterdam, where ASM's common stock trades under the symbol ASM. The company, headquartered in Almere, the Netherlands, designs and manufactures semiconductor wafer processing equipment.
ASM to Nominate Rutger Wijburg to Supervisory Board
ASM International N.V. announced its intention to nominate Dr. Rutger Wijburg for appointment to its Supervisory Board, with the proposal to be submitted for shareholder approval at an Extraordinary General Meeting expected in early March 2027. Wijburg brings over 30 years of semiconductor industry experience, having served as Chief Operations Officer and member of the Management Board at Infineon Technologies from 2022 to 2025, and previously held leadership roles at GlobalFoundries, NXP, and Philips Semiconductors. He currently serves on the supervisory boards of ZEISS Group and SMART Photonics. ASM's Supervisory Board Chair, Pauline van der Meer Mohr, said the appointment is part of broader succession planning and will strengthen the board's expertise in manufacturing and operations.
Zacks Adds Five Stocks to Strong Buy List Including ASM International and Texas Instruments
Zacks Investment Research added five stocks to its Zacks Rank Number 1 Strong Buy list on August 6th. ASM International NV saw its next-year earnings consensus estimate rise 9.5% over the last 60 days. Northern Trust Corporation's current-year earnings estimate increased 8.3%. Texas Instruments Incorporated's current-year estimate rose 9%. CTO Realty Growth Incorporated's current-year estimate climbed 5.2%. ING Group NV's current-year estimate advanced 6.5%.
European stocks close lower, luxury goods sector drags market sharply
European stock markets closed lower on Wednesday, with the STOXX 600 index falling 0.29% to 645.01 points, snapping a three-day winning streak. The luxury goods sector tumbled 2.4%, the steepest decline among industry groups, after mixed earnings from French luxury companies. Kering shares surged nearly 17% after Gucci sales fell less than expected, while Hermes shares slumped 11% amid no signs of recovery in the Chinese market. The technology sector fell 0.4%, extending losses for a third straight day, pressured by ASM International which dropped 4.8% despite a positive earnings outlook. The energy sector gained 2.2%, tracking Brent crude oil prices which jumped nearly 8% to breach 90 US dollars per barrel, as tensions in the Middle East flared up again. Investors are also watching the Federal Reserve meeting outcome and earnings from US tech giants such as Microsoft and Meta, which will report after the US stock market closes.
China’s chip breakthrough triggers global tech rout
Global tech stocks plunged after China achieved a breakthrough in developing deep ultraviolet lithography machines critical to AI chip manufacturing. South Korea’s Kospi index fell nearly 11 percent overnight, triggering a brief trading halt, while Japan’s Nikkei and Taiwan’s Taiex each sank more than 4 percent. The sell-off was sparked by reports that Chinese state-owned Shanghai Yuliangsheng has begun mass-producing the machinery, with leading Chinese chipmakers expected to receive first deliveries later this year. ASML shares dropped more than 8 percent, ASM International fell over 7 percent, and BE Semiconductor declined nearly 10 percent. Samsung and SK Hynix each plunged more than 12 percent, leaving the Kospi on track for its worst month since 1997.
ASML.AS · Competition · Negative China's breakthrough in deep ultraviolet lithography machines directly competes with ASML's core product, threatening future sales.
000660.KO · Competition · Negative China's lithography breakthrough threatens demand for Hynix's memory chips used in AI, as Chinese chipmakers gain self-sufficiency.
005930.KO · Competition · Negative China's lithography breakthrough threatens demand for Samsung's memory chips used in AI, as Chinese chipmakers gain self-sufficiency.
ASM.AS · Competition · Negative China's mass production of lithography machines reduces need for ASM International's deposition equipment from Chinese customers.
BESI.AS · Competition · Negative China's lithography breakthrough reduces demand for BE Semiconductor's assembly equipment from Chinese chipmakers.
Dow Closes Up 262 Points, Brent Crude Plunges 8.7%
Wall Street ended mixed, with the Dow Jones Industrial Average gaining 262.83 points to close at 52,210.08, while the Nasdaq fell 43.74 points. Investors are awaiting earnings from major tech companies such as Microsoft, Amazon, Meta, and Apple this week, amid concerns that the AI bubble may be starting to deflate. Brent crude oil prices tumbled 8.7% to 88.36 dollars per barrel after the US suspended strike operations against Iran, dragging energy stocks lower, led by Occidental Petroleum down 4.1% and Exxon Mobil down 1.4%. European markets closed flat, with the STOXX 600 edging up just 0.02%, as ASML shares plunged 8.4% following reports that China has developed its own DUV lithography chipmaking tools, weighing on tech peers ASM International and BE Semiconductor.
European Stocks Close Slightly Higher; Tech Shares Drag Despite Easing Middle East Tensions
European stock markets closed only slightly higher on Monday, with the STOXX 600 index edging up 0.02% to 644.62 points, as falling technology stocks capped market gains despite easing tensions in the Middle East and a sharp drop in oil prices. Energy stocks fell 2%, making them the worst-performing sector in the STOXX 600, after West Texas Intermediate crude for September delivery dropped 7.5% to settle at 82.61 dollars a barrel and Brent crude fell 8.7% to 88.36 dollars a barrel, amid hopes for peace talks between the United States and Iran. The European technology index declined 1.7%, led by ASML, which tumbled 8.4% following reports that China has begun producing domestically developed deep ultraviolet chipmaking equipment, a technology long dominated by ASML. ASM International dropped 7.1% and BE Semiconductor plunged 9.7%. Investors are watching earnings reports from major US technology companies this week and the Federal Reserve's monetary policy meeting, with the CME Group's FedWatch Tool indicating a 62% probability that the Fed will hold interest rates at 3.50% to 3.75% at its July 28-29 meeting.
WTI · Geopolitics · Negative WTI crude dropped 7.5% on hopes for peace talks between the US and Iran, easing supply concerns.
ASML.AS · Competition · Negative ASML tumbled 8.4% after reports that China has begun producing domestically developed deep ultraviolet chipmaking equipment, challenging ASML's dominance.
ASM.AS · Competition · Negative ASM International dropped 7.1% as China's domestic chipmaking equipment development threatens the sector.
BESI.AS · Competition · Negative BE Semiconductor plunged 9.7% amid the broader tech sell-off driven by China's chipmaking equipment development.
ASM International's Supervisory Board intends to nominate Chris Figee for appointment as Chief Financial Officer and member of the Management Board. Figee will join ASM on December 1, 2026, as Executive Vice President Special Projects. He is currently CFO and a board member at KPN, a role he has held since 2020, and will leave KPN on November 1, 2026. KPN's Supervisory Board will initiate a process to appoint a successor. ASM shares last closed at 968.00 euros, up 3.77%.
ASM International NV has been upgraded to a Zacks Rank #2 (Buy), reflecting an upward trend in earnings estimates. The Zacks Consensus Estimate for the company has increased 34.5% over the past three months, with analysts now expecting earnings of $26.75 per share for the fiscal year ending December 2026. This upgrade places ASM International in the top 20% of Zacks-covered stocks, indicating potential near-term price appreciation driven by improving earnings outlook.
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