ASML Projects Significant Growth Amid AI Demand

ASML expects sales to nearly double by 2030 due to strong AI-driven demand for advanced chip-making tools.

Overview

ASML forecasts its revenue to grow between €44 billion and €60 billion by 2030, driven by an 8-14% annual increase.
The company anticipates AI memory and logic chips to constitute about 40% of the total chip market by 2030.
ASML's advanced EUV lithography machines are crucial for producing high-performance processors needed in AI applications.
Despite recent earnings misses, ASML maintains its long-term growth outlook, bolstered by the AI boom in the semiconductor industry.
U.S.-led restrictions limit ASML's ability to sell its newest technology to China, potentially reducing China's share of ASML's sales.