ASML Results Shine, Trump Embraces Weaker Dollar, More
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News when you want it with Bloomberg News Now. I'm Lizzie Burden. And I'm Caroline Hepker. ASML has reported fourth quarter orders for its chip making machines as the rapid development of artificial intelligence infrastructure boosts demand. The Dutch chip equipment maker announced bookings of almost 13.2 billion euros versus estimates of just under 6.9 billion euros. Speaking to Bloomberg, the firm's CEO Christophe Fouquet said the performance bodes well for the rest of the year.
We are looking at a record quarter. We are looking at a record year. So this is very good already for 2025. And in the course of last year, we sometimes had some doubts, basically, on what AI will do to our business. Because, to be honest, it took a bit of time to convert some of the great announcements we heard from the AI company to semiconductor. But the last three months have brought a lot of clarity.
ASML CEO Christophe Fouquet speaking there as the company also announced a new share buyback programme of up to €12 billion by the end of 2028. Despite the strong results, the company also says it may cut back about 1,700 jobs in the Netherlands and in the United States. The shares are up 4.7% now.
Now, the dollar is close to its weakest level in four years after suffering its deepest one-day drop since last year's US tariff rollout. The sudden decline came after President Trump said that he didn't think the currency had weakened excessively. The president was asked by reporters if he was worried about the dollar's drop.
No, I think it's great. I mean, the value of the dollar, look at the business we're doing. No, no, I'd want it to be just seek its own level, which is the fair thing to do. You could have it, I could have it go up or go down like a yo-yo.
The president speaking there, the Bloomberg Dollar Spot Index extended losses after his comments against all of its major counterparts before steadying in Asian trading in the early hours this morning. The Bloomberg gauge of the US currency has now tumbled close to 10% since President Trump was inaugurated in January 2025.
Well, the dollar sell-off has been fanned by Trump's unpredictable policymaking, which has rattled overseas allies and investors. The latest slide helped push the Swiss franc to its highest level since 2015, with both the pound and the euro also hitting multi-year highs. European Central Bank Vice President Luis de Guindos has previously suggested that the euro could become an alternative to the dollar if the EU increases integration. It's a message that former European Commission President José Manuel Barroso is also keen to emphasise.
The reality is that the euro remains by far the second most important global currency, much ahead of all the others except the dollar. I think sometimes, globally, people underestimate the resilience of the European Union and the resilience of the euro.
Jose Manuel Barroso speaking there to Bloomberg with Trump's embrace of the weaker dollar seen as a further deterrent to overseas holders of US assets.
Well, the dollar's recent drop comes despite a rise in government bond yields and expectations that the US central bank, the Federal Reserve, is poised to...
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–4:45
2
What are the latest results from ASML and their implications for the chip industry?
4:45–5:47
3
How is the demand for AI impacting ASML's fourth quarter orders?
5:47–6:56
4
What did ASML's CEO say about the company's performance and future outlook?
6:56–8:07
Speakers
9 identifiedMore from Bloomberg News Now
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