Amsterdam - Dutch technology firm ASML said it suffered a 117-million-euro (155.32-million-dollar) loss in the first quarter of 2009. Releasing its first quarter results on Wednesday, ASML, which makes lithography systems for the semiconductor industry, said net sales in the first quarter of the year amounted to 184 million euros - compared with 919 million euros in the same period in 2008.
"Semiconductor equipment demand collapsed in the first quarter of 2009," ASML CEO Eric Meurice said in a statement.
However, he added a drastic cost-saving program had freed up more than 300 million euros in working capital, ensuring the company could maintain all its "strategic investments".