July 18, 2012

Chipmaker ASML sees Q2 profit drop on sales fall

(AP) 鈥� ASML Holding NV, the largest supplier of manufacturing equipment to computer chip makers, says its net profit fell to 鈧�292 million ($359 million) in the second quarter from 鈧�432 million in the same period a year ago.

The company announced Wednesday that its for the quarter dropped to 鈧�1.2 billion ($1.47 billion) from 鈧�1.5 billion in the second quarter of 2011.

President and CEO Eric Meurice says he expects sales to remain steady in the second half of the year at 鈧�2.2 billion-鈧�2.4 billion.

Veldhoven, Netherlands-based makes machines that map out the circuitry of semiconductor chips.

Intel Corp announced last week intends to take a 15 percent stake in ASML for around $3.07 billion, and will help fund its research into new technologies.

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