‘We had a strong quarter, but also a strong year. We had revenue growth of more than 33 percent, good margins, two acquisitions, and we’ve made a lot of strides in the sustainability space. We have made progress on all fronts,’ says Verhagen.
China’s chip machine export restriction affects the company, says the CFO. Verhagen expects between 10 and 25 percent of sales to go to China, which is 3 percent of total sales. “It’s limited, but still has an impact.”
While lower revenue usually translates into lower investment in research and innovation, ASMI invested heavily in research and development in 2022 and will continue to do so in 2023. Verhagen does not foresee any problems in the near future as more and more countries are starting to “internalize” and start making chips yourself to become strategically autonomous.
“The Chips Are Hot”
The fries are hot. It can be seen that in every region, chips are being staked to invest locally and build a stronger industry.’ Verhagen calls this a positive development that should continue in the coming years. “Everything that has a plug has a chip in the device.” Not only does the number of chip requests increase, but the amount of chips per application also increases.