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ASML sees sales improve
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Citing short and mid-term needs from DRAM and Logic IC manufacturers for advanced lithography systems, ASML has revised 3Q09 revenue guidance. Previously, the company guided sales of approximately €450 million. This has been increased to above €500 million with bookings significantly above that level, according to ASML.
According to various market research firms DRAM prices are recovering with DDR3 memory expected to generate profits for many suppliers in the second-half of the year, sparking projections that capital spending for critical tools for node migrations will resume after over a year of limit capital expenditure due to heavy losses by the majority of memory manufacturers.
On the logic side, TSMC has long-term customer of ASML has announced an increase in capital spending to boost leading-edge capacity and boost R&D development.