ASM International says it started manufacturing tools in the US

Dutch chip-making equipment supplier ASM International has started local production of tools for US chipmakers in response to the US tariffs backdrop, its Chief Executive said on Wednesday. “We’ve already started to manufacture some of the tools for our customers in the US, just to get us started,” CEO Hichem M’Saad said a day after the company reported quarterly earnings.

“I think that our global installed base, our global infrastructure, allows us to really have manufacturing in many places – and Phoenix, Arizona, is one of them.”

ASM is the most…