ASML Shares Rise as Chip-equipment Maker Confirms 2030 Outlook

ASML Holding shares (NL:ASML) rose 3% as the Dutch microchip equipment maker reiterated its 2030 goal of annual revenue between approximately EUR44 billion and EUR60 billion with a gross margin of between approximately 56% and 60%?. “We expect that our ability to scale EUV technology into the next decade and extend our versatile holistic lithography portfolio, positions ASML well to contribute to, and leverage the Artificial Intelligence (AI) opportunity, and allows ASML to deliver significant revenue and profitability growth,” says President and CEO Christophe Fouquet. It’s expecting global semiconductor sales to reach over $1 trillion by 2030, which translates into an annual semiconductor market growth rate of approximately 9% in the period 2025-2030.

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