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Rise of TSMC gives windfall to Dutch chipmaking equipment giant

Sales to Taiwan triple as US-China trade war alters supply chains

ASML is the only commercial producer of cutting-edge extreme ultraviolet lithography equipment. (Photo courtesy of ASML)

TOKYO -- Dutch chipmaking equipment company ASML enjoyed solid earnings last year, even amid cooling chip demand, thanks to the advantage its top customer, Taiwan Semiconductor Manufacturing Co. has secured in the foundry market.

The company recorded an 8% rise in consolidated sales to 11.8 billion euros ($13.2 billion) for 2019, while net profit edged up to 2.6 billion euros. This came even amid a 10%-plus decline in global semiconductor demand that dragged down rivals' earnings across the board.

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