ASML results confirm upward semi trend -

Further evidence that the semiconductor industry is recovering came from Dutch chip equipment maker ASML.

It turned in net sales of EUR 742 million for its first financial quarter of 2010, compared to net sales in the same quarter last year of EUR 184 million.

That delivered a net profit for ASML of EUR 107 million, compared to a net loss it made in the same quarter last year of EUR 117 million.

Eric Meurice, CEO of the company, said that bookings in the first quarter came in at EUR 1 billion, in line with ASML's expectations, "adding confidence in a prolonged recovery of the semiconductor industry".

ASML shipped nine NTX:1950is, that is its most advanced dual stage scanner. At the end of the quarter it had 28 of these systems in backlong and it will ship 11 of those in its second financial quarter.

Meurice said: "In parallel, we continue to make good progress with our next generation of optical lithography, Extreme Ultraviolet."  He said that it got its sixth order for the NXE:3100 pre-production system.

The first of these will be shipped in the second calendar half of this year. ASML said the Q1 average selling price for a new system is EUR 25.8 million, compared to EUR 19.7 million in its fourth quarter 2009.