ASM Shares Fall After Chipmakers’ Troubles Weigh on Bookings

ASM International NV shares fell after its second-quarter orders missed expectations, after some chipmakers’ struggles undermined demand for the Dutch company’s semiconductor equipment.

Orders fell 4% from a year earlier at constant currency to €702 million ($824 million), ASM said in a statement Tuesday. That compares with the average analyst estimate of €837 million, according to data compiled by Bloomberg.