Netherlands-based chip manufacturer ASM International booked higher-than-expected results in the fourth quarter of last year. Sales totalled about €720 million instead of the €660 million forecasted.
According to the organization, the additional revenue was due to improved supply chain conditions. ASM International processed more outstanding orders than expected at the end of last year.
New orders were surprisingly favourable as well. ASM International recorded a total of €820 million in orders during the quarter. Products in the so-called ‘power/analog’ wafer segment and ‘silicon carbide epitaxy’ (LPE) segment were in high demand.
Full-year report underway
In addition to a rise in demand, many customers requested earlier deliveries of orders that were initially planned for 2023, the chipmaker said. The full-year report will be released in late February.