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Semiconductor equipment company ASML reported a 30% increase in full-year revenue for 2023, surpassing expectations. However, the company expects its revenue for 2024 to be similar to that of 2023. ASML’s CEO stated that 2024 will be a year of preparation for significant growth expected in 2025. The company has faced challenges due to export restrictions imposed by the US and Dutch governments on advanced semiconductor equipment shipments to China. ASML does not anticipate receiving export licenses for its more advanced machines, which will impact China sales in 2023 and 2024.

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