ASMI to strongly outperform wafer equipment market

ASM International is still not suffering from the downturn in the memory segment or from uncertainties in the global economy. Driven by solid demand in the logic/foundry segment, the equipment maker sequentially increased sales 4 percent to a record 271 million euros in the third quarter. The operational profit increased by 4 million to 51 million euros and orders are up 8 percent to 292 million euros as well. Looking forward, CEO Chuck del Prado expects to further increase sales and bookings, making for a year in which ASMI will strongly outperform the wafer equipment market.