ASML to stop publishing most-closely watched metric - bookings


FILE PHOTO: ASML logo is seen at the headquarters in Veldhoven, Netherlands June 16, 2023. REUTERS/Piroschka van de Wouw/File Photo

AMSTERDAM (Reuters) - Top computer chip equipment maker ASML has decided to stop publishing the most closely-watched figure in its quarterly financial results, new order bookings, saying it is too "lumpy" and leads to excessive volatility in its share price.

The Dutch company says its own forecasts are a better guide, as they are based on discussions with chipmakers about their capacity plans, in which ASML's circuit-printing machinery plays a major role.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Snapchat hit with EU probe into alleged failure to prevent child grooming, illegal goods sales
Pornhub, Stripchat, XNXX, XVideos charged with breaching EU tech rules, risk fines
UK sanctions Cambodia-based scam centre and crypto platform
OpenAI indefinitely pauses plans to release erotic chatbot, FT says
US jury verdicts against Meta, Google tee up fight over tech liability shield
Rohm, Toshiba, Mitsubishi Electric to begin power chip integration talks, Nikkei says
South Korea to invest $166 million in AI chip startup Rebellions
In NYC classes, teachers can use AI to plan but not to assign grades
Google top India counsel quits in latest departure amid regulatory hurdles, sources say
Uber, Pony.ai and Verne team up to launch Europe's first robotaxi service in Croatia

Others Also Read