ASML Holding NV

European stocks rose on Wednesday after Swiss luxury group Richemont and chip equipment maker ASML gave encouraging earnings updates, while investors hoped for a big U.S. fiscal relief package as Joe Biden takes over as the next president.

ASML Holding NV, an essential supplier of equipment to computer chip makers, on Wednesday posted better-than-expected sales for the fourth quarter of 2020 and said it had seen a strong order intake for 2021. s

ASML Holding's 2021 sales outlook for low double-digit growth could be improved, if the regime of export controls is loosened, Chief Financial Officer Roger Dassen said on Wednesday.

ASML CEO Peter Wennink expects further antagonism between the United States and China over semiconductor technology, even as a new administration is set to take over in Washington, he told the Reuters Next conference on Thursday.

Semiconductor equipment maker ASML Holding NV sounded a note of caution over sales of its newest tools worth $200 million apiece on Wednesday, as it delivered better-than-expected earnings and forecast double-digit growth next year.

ASML Holding NV, a key supplier to computer chip makers, on Wednesday reported a near 58% jump in second-quarter profit but fell short of market estimates, and forecast overall growth for 2020 despite the coronavirus outbreak.

ASML Holding NV, one of the largest equipment suppliers to computer chip makers, on Wednesday reported net income of 751 million euros ($856 million)for the second quarter, slightly below expectations.

ASML Holding NV <ASML.AS>, a key supplier to computer chip makers such as Samsung and Intel, reported worse-than-expected first quarter earnings on Wednesday but said customer demand for its products remains strong despite the coronavirus outbreak.

* WE DECIDED TO REFRAIN FROM GIVING GUIDANCE FOR Q2 AND FOR FULL YEAR 2020 - CEO

ASML Holding NV, a major equipment supplier to computer chip makers, reported on Wednesday first quarter earnings of 391 million euros ($429 million), below analyst expectations amid the global coronavirus outbreak.

Dutch semiconductor equipment maker ASML <ASML.AS> said on Monday it expected its revenue in the first quarter to be significantly lower than expected due to the global coronavirus outbreak.

* ASML UPDATES THE MARKET ON EXPECTED Q1 2020 RESULTS, PRIMARILY RELATED TO COVID-19 IMPACT

Dutch bank ABN Amro and chipmachine maker ASML on Wednesday ordered large parts of their staff to start working from home, as the number of people infected with the coronavirus in the Netherlands jumped sharply.

Semiconductor equipment maker ASML Holding NV <ASML.AS> on Wednesday forecast double digit growth in sales and profits for 2020, saying it did not expect any financial impact from being swept up in the trade war between the United States and China.

The chief executive of semiconductor equipment supplier ASML on Wednesday said the company has received an order for one of its most advanced machines from a Chinese customer but could not deliver it because it has not received a licence from the Dutch government.

ASML CEO Peter Wennink said in a videotaped statement accompanying the company's fourt quarter results that he expects growth of more than 10 percent in both sales and profits in 2020.

ASML Holding NV,, a major supplier of equipment to computer chip makers, on Wednesday reported a rise in fourth quarter sales and earnings in line with expectations and said it sees an early recovery in the memory chip market.

Trade relations between China and the Netherlands would be damaged if Dutch semiconductor equipment supplier ASML <ASML.AS> is not allowed to ship its newest machines to China, Beijing's ambassador to the Netherlands was quoted as saying on Wednesday.

The chief executive of semiconductor chip equipment manufacturer ASML Holding NV said on Thursday the company continued to see strong demand from high-end computer chip makers, though the market for memory chips remained weak.