Asia Tech Wire (Oct 17) -- Dutch semiconductor equipment maker ASML will launch a new round of procurement bargaining with TSMC executives, according to Taiwan's DigiTimes.

Citing industry sources, the report said that ASML and TSMC executives will soon start bargaining for equipment purchases in 2025.

ASML not only does not reduce prices in the negotiations, but instead aims to increase prices by 3% to 5%, the sources said.

The report pointed out that ASML's confidence comes from its judgment that TSMC needs ASML's exclusive technology to jointly advance research and development.

After the release of the disappointing third quarter results, ASML shares plunged over the past two days.

Morgan Stanley also said it cut its price target for ASML to €680 from €800.