
Please try another search
By Sam Boughedda
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 Semiconductor Manufacturing (NYSE:TSM) intends to cut its capex target to a range of $28 billion to $32B 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 $32B to $36B.
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.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.