ASM International NV (ASM.AS)

ASMI ups revenue forecast, cites strong Chinese bookings, shares jump

(Reuters) -Wafer processing equipment supplier ASM International (ASMI) raised its revenue forecast for the second quarter, citing stronger-than-expected Chinese demand and higher sales in advanced logic and memory, sending its shares up as much as 12%. ASMI said after market close on Tuesday that it now expected revenue in the quarter between 660 million euros and 700 million euros ($706 million to $749 million) at constant currencies, compared with 600-640 million euros previously. It also forecast a 10% revenue increase in the second half of 2024 compared with the first half.