ASML Outlook clouded by Intel, Samsung and China Chip Challenges

After sending shockwaves through the semiconductor industry following a third-quarter earnings miss, scrutiny is building ahead of ASML Holding NV’s results next week with uncertainty about the spending plans of its top customers.

The world’s most advanced maker of cutting-edge chip-making machines sparked a massive sell-off in shares in October after cutting its 2025 outlook. Its shares are about 30% off a peak in July, with the firm mired in sector headwinds and concerns about tightening China’s export restrictions under the Trump administration.