ASML, a Dutch semiconductor company, has projected a recovery in the semiconductor industry despite a disappointing first quarter. The company's CEO stated that 2024 is seen as a transition year with expectations of a stronger second half, aligning with the industry's recovery. This comes as orders for ASML's high-end EUV machines have declined, with major chipmakers in Taiwan and South Korea pausing purchases of these machines. Concurrently, TSMC, another semiconductor giant, reported a significant loss of $92.4 million due to a recent earthquake in Taiwan and has downgraded its global chip market outlook for 2024, leading to a drop in its Taipei-listed shares by up to 7%.