ASM International says it started manufacturing tools in the US

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Dutch chip-making equipment supplier ASM International has started local production of tools for US chipmakers in response to the US tariffs backdrop, its Chief Executive said on Wednesday. “We’ve already started to manufacture some of the tools for our customers in the US, just to get us started,” CEO Hichem M’Saad said a day after the company reported quarterly earnings.

“I think that our global installed base, our global infrastructure, allows us to really have manufacturing in many places – and Phoenix, Arizona, is one of them.”

ASM is the most…



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ASM International says it started manufacturing tools in the US


Dutch chip-making equipment supplier ASM International has started local production of tools for US chipmakers in response to the US tariffs backdrop, its Chief Executive said on Wednesday. “We’ve already started to manufacture some of the tools for our customers in the US, just to get us started,” CEO Hichem M’Saad said a day after the company reported quarterly earnings.

“I think that our global installed base, our global infrastructure, allows us to really have manufacturing in many places – and Phoenix, Arizona, is one of them.”

ASM is the most…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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