Chip company ASML shares plunge 16% after warning of weaker China sales in early release

ASML share plunge wipes over $50 billion off Dutch chip giant’s value

Shares in semiconductor equipment maker ASML fell 16% on Tuesday, after the Dutch company published financial results a day early, issuing disappointing sales forecasts.

ASML’s share plunge led the critical semiconductor firm to lose 48.7 billion euros ($52.99 billion) in market capitalization in a single day, according to CNBC calculations using LSEG data.

More here >

Note: ASML continued to trade lower today, down another 6%.

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Chip company ASML shares plunge 16% after warning of weaker China sales in early release

ASML share plunge wipes over $50 billion off Dutch chip giant’s value

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