ASML profits down amid China chip spat

Net profits came in at 1.2 billion euros ($1.3 billion) in the first quarter, compared to 2.0 billion euros the firm reported in the fourth quarter of last year. Bookings slumped to 3.6 billion euros, a sharp decline from the 9.2 billion euros reported in the fourth quarter. Company shares slumped more than six percent at the opening bell of the Amsterdam stock exchange, which was down 0.7 percent overall. ASML is one of the leading manufacturers of equipment to make state-of-the-art semiconductor chips...