ASML recently announced a massive stock buyback in the order of $12B (55% of their revenue) which left me scratching my head.
They reportedly can’t meet demand and the current backlog for new machines is at 2+ years. Surely a company in a sector with such massive capital expenditures has better use of this money? For example scaling production or R&D?
They reportedly can’t meet demand and the current backlog for new machines is at 2+ years. Surely a company in a sector with such massive capital expenditures has better use of this money? For example scaling production or R&D?