Its customers include Intel Corporation (NASDAQ: INTC) and Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM). In the earnings release, company CEO Peter Wennink said, “We continue to see uncertainty in the market caused by inflation, rising interest rates, risk of recession and geopolitical developments related to export controls. In his statement, Wennink alluded to concerns about a weakening global chip market, as consumer demand for electronics is down from sky-high pandemic levels.