–
The same chip scarcity that obliges Daimler to cut Mercedes production, will provide the Dutch tech giant with 35 percent growth this year.
–
That teaches it leert quarterly report of the group from Velhoven in North Brabant. Just over the second quarter, ASML recorded 8.3 billion bookings, twice as much as the quarterly turnover of 4 billion euros.
–
CEO Peter Wennink now predicts sales growth of 35 percent for the whole of 2021, with a gross margin of 51 to 52 percent. In April, the bar was set at 30 percent growth. This of course thanks to the booming business at customers like the chip bakers Intel on TSMC. They can hardly keep up with the world hunger for computing power and try via the construction of new factories – with ASML machines – to mitigate the scarcity in the long run.
–
Wennink has a little extra in store for the shareholders who have been around for years (see price chart) have nothing to complain about: ASML will buy back 9 billion of its own shares between now and the end of 2023 and then destroy the majority of those shares. Ergo: the solid profit will have to be divided among less hungry mouths in the future.
–
The downside of booming ASML is an automotive sector that cannot keep up with booming demand until chip manufacturers have the extra capacity ready. On Tuesday, the truck manufacturer Volvo already warned about the shortage of parts, today it is Daimler’s turn
.
–
The German industrial giant reports in its otherwise fine quarterly update that subsidiary Mercedes no longer expects to produce a lot more cars in 2021 than in 2020, production will stabilize at the level of 2020. The reason: a shortage of chips.
–
Modern cars contain more and more sensors. One example, mentioned at the annual meeting of car chip developer Melexis this spring: the EQS, the new electric top class car from Mercedes, contains 170 Melexis chips.
–
As a reminder: every new car that rolls off the production line now contains an average of 13 Melexis chips. For electric cars, that’s even more: Tesla’s Model 3 3 tent is 32.
–
–
