ASML Raises Full-Year Outlook as AI Spending Grows
ASML has raised its full-year sales forecast for the second time this year, now expecting net sales between €43 billion and €45 billion, driven by strong demand for its chip-making machines fueled by artificial intelligence spending. The company, Europe's most valuable, is the sole provider of the most sophisticated lithography machines essential for advanced semiconductor chips powering AI. ASML also announced plans to increase its EUV machine capacity by 30% by 2027 and potentially another 30% by 2028 to meet soaring demand, with major customers like Intel already utilizing their high-end machines for advanced chip production.
The increased forecast and capacity expansion signal a robust market for AI-driven hardware, directly benefiting ASML and its customers in the semiconductor industry and indicating continued growth in AI infrastructure development.
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