Salem Radio Network News Sunday, July 25, 2021

Science

ASML second-quarter net profit jumps 38% on strong demand for computer chips

AMSTERDAM (Reuters) – ASML, one of the biggest suppliers to semiconductor companies worldwide, reported on Wednesday a 38% jump in second-quarter net income to 1.038 billion euros ($1.22 billion), as sales continued to soar amid a global computer chip shortage.

Analysts had expected the Dutch company to report net profit of 1.02 billion euros for the April-June period, up from 751 million euros the year before, according to Refinitiv data.

($1 = 0.8495 euros)

(Reporting by Bart Meijer; Editing by Jacqueline Wong)

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