ASML Holdings and other chip parts makers fall on report Taiwan Semi plans to cut capex
ASML Holdings (NASDAQ: ASML) shares are down, alongside other European semiconductor-equipment makers, such as Applied Materials (NASDAQ: AMAT), Lam Research (NASDAQ: LRCX), and KLA Corporation (NASDAQ: KLAC), on Monday after a report by Taiwan’s Economic Daily News said Taiwan Semi (NYSE: TSM) intends to cut its capex target to a range of $28 billion to $32 billion this year.
ASML has fallen more than 4%, while LRCX has declined over 3%, and KLAC is down 2.75%.
Citing people familiar with the matter, Economic Daily News said TSMC will decrease 2023 capex from its previously announced range of $32 billion to $36 billion.
They added that the reduction in the capex target is based on a slowdown of its Taiwan expansion plans and the worse-than-expected recovery in the semiconductor industry.
By Sam Boughedda