Seeking edge over rivals, Intel first to assemble ASML's next-gen chip tool

Intel first to assemble ASML's next-gen chip tool, an important part of the U.S. chip maker's drive to outshine rivals. Intel was the first company to buy one of the 350 million euro ($373 million) machines made by top chip equipment supplier ASML.

ASML Holding reported that its net sales fell 21.6% year-over-year. Analyst Jos Versteeg says the demand for ASML's semiconductors is not lacking, but rather, the order flow is "lumpy" ASML is "in the right spot" and has "no worries" about future demand and profit success.