原文标题： Critical chip firm ASML flags tariff uncertainty after net bookings miss 关键晶片厂商ASML在订单不如预期後表示关税议题充满不确定性 原文连结： https://tinyurl.com/2pw3ykzz 发布时间： Wed, Apr 16 20251:12 AM EDT 记者署名： Ryan Browne 原文内容： Dutch semiconductor equipment firm ASML on Wednesday missed on net bookings expectations, suggesting a potential slowdown in demand for its critical chipmaking machines. 荷兰半导体设备商ASML周三公布Q1订单不如预期，显示关键半导体设备需求可能放缓。 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认列3.94B Euro订单量，路透预期则是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发布的预测比较: Net sales: 实际7.74B，预测7.8B Net Profit: 实际2.36B，预测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说需求依然强劲，AI依然是关键动能 但部分客户不确定性可能会导致全年收入不如预期 ASML is estimating 2025 revenue of between of 30 billion euros to 35 billion euros. ASML预期2025年营收会在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说关税正在创造不确定性在总体经济学和潜在市场需求 “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.” 虽然如此CEO仍然认为2025营收可以落在30~35B之间 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. 由於担心川普的关税计画影响半导体供应链，所以过去两周全球的晶片库存都一直非常脆弱， 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.” 上周，美国政府先宣布手机、电脑和半导体将被排除在互惠关税外，但稍後美国政府陈清 这些电子产品并不会得到豁免，而是转移到其他类别去，进而引发了混乱 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.” 周二美国发起对半导体的国安调查，包括是否采取如关税等必须手段维持国家安全 心得/评论： ASML=GG上游 目前只是设备订单阶段，不代表会马上影响到TSMC 但4.89B vs. 3.94B是19.5%的差距，这算是显着差距 其中中国订单其实3月应该就是清空了，因为ASML和中国那边都不知道未来还能不能出货 因此ASML本来就没继续接，同时中国在去年早就先下单囤货 然而Q1还是无法达到预期，代表有除了中国以外的客户也是放缓 至於是台湾、韩国还是美国，就不太确定了 2024中国占了36%的Net sales，其实基本上还是ASML最大的客户来源之一 假如没谈拢，後续其实设备需求应该也是会Delay --

※ 发信站: 批踢踢实业坊(ptt.cc), 来自: 136.226.240.114 (台湾) ※ 文章网址: https://webptt.com/cn.aspx?n=bbs/Stock/M.1744783810.A.75F.html Net booking/Net Sales/Net Profit不太一样喔 你先看清楚一下再来干谯路透比较好XD ※ 编辑: zzahoward (136.226.240.114 台湾), 04/16/2025 14:24:45