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ASML Holding N.V. (symbol: ASML) is a pivotal player in the semiconductor industry, renowned for its cutting-edge lithography systems. Headquartered in Veldhoven, the Netherlands, ASML develops, produces, markets, sells, and services advanced equipment essential for the manufacturing of memory and logic chips. Their product portfolio includes extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, as well as metrology and inspection solutions, which enable semiconductor manufacturers to create increasingly complex and efficient microchips.
ASML stands at the forefront of photolithography, a process where light is used to transfer circuit patterns onto silicon wafers. The company's advancements in EUV lithography have revolutionized the industry, allowing for higher transistor densities on chips. This technology is critical for the production of next-generation chips used in AI, mobile devices, and other high-tech applications.
ASML's clientele includes industry giants like TSMC, Samsung, and Intel. The company primarily acts as an assembler, outsourcing the manufacturing of most of its parts. This business model has allowed ASML to focus on innovation and efficiency, maintaining its leadership in the market.
Financially, ASML continues to demonstrate robust performance. The company reported €6.9 billion in net sales and €1.9 billion in net income for Q2 2023. Heading into 2024, ASML maintains a strong revenue outlook, despite the semiconductor industry's cyclical nature. Recent collaborations, such as the Memorandum of Understanding with imec, underscore ASML's commitment to advancing semiconductor research and sustainable innovation in Europe.
Moreover, the company's strategic moves, including substantial investments in R&D and share buyback programs, reflect ASML's proactive approach to growth and shareholder value. The announcement of Christophe Fouquet succeeding Peter Wennink as President and CEO marks a new chapter, with Fouquet's deep industry experience expected to steer the company toward continued success.
ASML's products and services contribute significantly to the advancement of microchip technology, addressing global challenges in healthcare, energy conservation, mobility, and more. With over 42,700 employees, ASML is dedicated to pushing technological boundaries, making chips that are more affordable, powerful, and energy-efficient. Discover more about ASML's innovative solutions and career opportunities on their website.
ASML Holding N.V. (ASML) has reported transactions under its ongoing share buyback program initiated on July 21, 2021. During the recent period from May 2 to May 6, 2022, ASML repurchased a total of 167,405 shares at a weighted average price of €536.93, amounting to a total value of €91,865,987. These transactions are part of ASML's strategy to enhance shareholder value and maintain stock liquidity, following regulations under the Market Abuse Regulation (Nr. 596/2014).
ASML has reported recent transactions under its current share buyback program, which was initiated on July 21, 2021. On April 25-29, 2022, a total of 143,117 shares were repurchased at an average price of €537.73 per share, amounting to approximately €77 million. The buyback aims to enhance shareholder value by reducing the number of outstanding shares. This update aligns with the Market Abuse Regulation requirements, ensuring transparency in ASML's operations.
ASML announced the results of its 2022 Annual General Meeting (AGM) held on April 29, 2022, in Veldhoven, Netherlands. Key highlights include the adoption of statutory financial statements for 2021 and approval of a dividend payment of €3.70 per share, totaling €5.50 for the year. The AGM also saw various board appointments and the authorization for share repurchases up to 10% of issued capital. A positive advisory vote was recorded on the remuneration report for 2021, with discussions on business performance and sustainability also taking place.
ASML has chosen PricewaterhouseCoopers (PwC) as its preferred external auditor for the fiscal year 2025. The decision was made by the Supervisory Board after a thorough selection process that considered PwC's independence and previous assessments. This nomination follows the withdrawal of a prior proposal regarding external auditing at the 2022 AGM. For the 2023 and 2024 reporting years, KPMG has been nominated as the external auditor. The formal appointment of PwC will be voted on at ASML's upcoming general meeting.
ASML has reported transactions from its ongoing share buyback program, originally announced on July 21, 2021. The shares repurchased on specific dates include:
- April 19, 2022: 60,154 shares at €556.01 each, totaling €33,445,978.91.
- April 21, 2022: 27,129 shares at €592.19 each, totaling €16,065,595.76.
- April 22, 2022: 28,466 shares at €571.49 each, totaling €16,268,131.12.
This update complies with the Market Abuse Regulation and aims to enhance shareholder value.
ASML reported €3.5 billion in net sales and €695 million in net income for Q1 2022, demonstrating a gross margin of 49%. Net bookings reached €7.0 billion, indicating strong demand for its lithography systems. The company projects Q2 net sales between €5.1 billion and €5.3 billion, maintaining a gross margin of 49% to 50%. ASML aims for approximately 20% annual revenue growth in 2022, supported by a share buyback program of up to €9 billion, with €2.1 billion repurchased in Q1. CEO Peter Wennink highlighted ongoing customer demand exceeding current production capacity.
ASML reports share buyback activities from April 11 to April 14, 2022, under its ongoing buyback program initiated on July 21, 2021. During this period, the company repurchased a total of 239,783 shares at an average price of €558.57, totaling approximately €134.5 million. This buyback activity is part of ASML's strategy to enhance shareholder value and is reported in compliance with the Market Abuse Regulation.
ASML has reported transactions under its ongoing share buyback program initiated on July 21, 2021. The company repurchased a total of 264,586 shares from April 4 to April 8, 2022, at a weighted average price of €580.65, amounting to a total repurchase value of approximately €167.5 million. This buyback program aims to enhance shareholder value and reflects the company's commitment to returning capital to shareholders. Details on individual transactions reveal daily repurchases ranging from €575.59 to €613.73 per share.
ASML Holding N.V. has reported significant transactions under its ongoing share buyback program, which was announced on July 21, 2021. From March 28 to April 1, 2022, a total of 239,272 shares were repurchased, with the total repurchased value amounting to approximately €168 million. The weighted average price across these transactions ranged from €608.64 to €633.97 per share. This initiative aligns with ASML's strategy to enhance shareholder value.
ASML Holding N.V. has withdrawn the nomination of Deloitte as its new external auditor due to a conflicting advisory role that could not be resolved in a timely manner. This decision was made by the Supervisory Board ahead of the 2022 Annual General Meeting scheduled for April 29, 2022. KPMG has been nominated as the external auditor for the years 2023 and 2024. ASML plans to propose a new auditor nomination for 2025 at the 2023 AGM. The updated agenda and relevant documents are available on ASML's website.
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