ASML reported third-quarter revenue and earnings on Wednesday that topped analyst expectations, bucking the trend of a slowdown seen by other semiconductor companies. Shares of chip firms have been battered this year amid a slowdown in growth among companies like Samsung and Micron as the semiconductor boom hits a wall. But the strong results from ASML bucked the broader market slowdown, sending shares more than 6% higher in morning trade. ASML said it expects the direct impact of U.S. chip curbs on China to be “limited.” Shares of chip firms have been battered in 2022 amid a slowdown in growth among companies like Samsung and Micron as the semiconductor boom hits a wall. ASML shares are down around 40% so far this year. But the strong results from ASML bucked the broader market slowdown, sending shares more than 6% higher in European afternoon trade.
