原文標題： Critical chip firm ASML flags tariff uncertainty after net bookings miss 關鍵晶片廠商ASML在訂單不如預期後表示關稅議題充滿不確定性 原文連結： https://tinyurl.com/2pw3ykzz 發布時間： Wed, Apr 16 20251:12 AM EDT 記者署名： Ryan Browne 原文內容： Dutch semiconductor equipment firm ASML on Wednesday missed on net bookings expectations, suggesting a potential slowdown in demand for its critical chipmaking machines. 荷蘭半導體設備商ASML週三公布Q1訂單不如預期，顯示關鍵半導體設備需求可能放緩。 ASML reported net bookings of 3.94 billion euros ($4.47 billion) for the first three months of 2025, versus a Reuters reported forecast of 4.89 billion euros. ASML在2025Q1認列3.94B Euro訂單量，路透預期則是4.89B Euro Here’s how ASML did versus LSEG consensus estimates for the first quarter: Net sales: 7.74 billion, against 7.8 billion euros expected Net profit: 2.36 billion, versus 2.3 billion euros expected LSEG發布的預測比較: Net sales: 實際7.74B，預測7.8B Net Profit: 實際2.36B，預測2.3B In comments accompanying the results, ASML CEO Christophe Fouquet said that the demand outlook “remains strong” with artificial intelligence staying as a key driver. However, he added that “uncertainty with some of our customers ” could take the company into the lower end of its full-year revenue guidance. ASML CEO說需求依然強勁，AI依然是關鍵動能 但部分客戶不確定性可能會導致全年收入不如預期 ASML is estimating 2025 revenue of between of 30 billion euros to 35 billion euros. ASML預期2025年營收會在30B~35B Euro Fouquet said that tariffs are “creating a new uncertainty” both on a macroeconomic level and with respect to “our potential market demands.” CEO說關稅正在創造不確定性在總體經濟學和潛在市場需求 “So this is a dynamic I think we have to watch very carefully,” Fouquet said. “Now this being said, where we are today, we still see basically our revenue range for 2025 being between basically €30 and €35 billion.” 雖然如此CEO仍然認為2025營收可以落在30~35B之間 Global chip stocks have been fragile over the last two weeks amid worries about how U.S. President Donald Trump’s tariff plans will affect the semiconductor supply chain. 由於擔心川普的關稅計畫影響半導體供應鏈，所以過去兩周全球的晶片庫存都一直非常脆弱， Last week, the U.S. administration announced smartphones, computers and semiconductors would be temporarily exempted from his so-called “reciprocal ” duties on counterparties. But on Sunday, Trump and his top trade officials created confusion with comments that there would be no tariff “exception” for the electronics industry, and that these goods were instead moving to a different “bucket.” 上週，美國政府先宣布手機、電腦和半導體將被排除在互惠關稅外，但稍後美國政府陳清 這些電子產品並不會得到豁免，而是轉移到其他類別去，進而引發了混亂 On Tuesday, a federal government notice announced that the U.S. Commerce Department was conducting a national security investigation into imports of semiconductor technology and related downstream products. The probe will examine whether additional trade measures, including tariffs, are “necessary to protect national security.” 週二美國發起對半導體的國安調查，包括是否採取如關稅等必須手段維持國家安全 心得/評論： ASML=GG上游 目前只是設備訂單階段，不代表會馬上影響到TSMC 但4.89B vs. 3.94B是19.5%的差距，這算是顯著差距 其中中國訂單其實3月應該就是清空了，因為ASML和中國那邊都不知道未來還能不能出貨 因此ASML本來就沒繼續接，同時中國在去年早就先下單囤貨 然而Q1還是無法達到預期，代表有除了中國以外的客戶也是放緩 至於是台灣、韓國還是美國，就不太確定了 2024中國佔了36%的Net sales，其實基本上還是ASML最大的客戶來源之一 假如沒談攏，後續其實設備需求應該也是會Delay -- ※ 發信站: 批踢踢實業坊(ptt.cc), 來自: 136.226.240.114 (臺灣) ※ 文章網址: https://webptt.cc/bbs/Stock/M.1744783810.A.75F.html Net booking/Net Sales/Net Profit不太一樣喔 你先看清楚一下再來幹譙路透比較好XD ※ 編輯: zzahoward (136.226.240.114 臺灣), 04/16/2025 14:24:45