European stock markets rose after ASML reported strong results, with increased confidence in future AI chip demand.
ASML warns of supply shortages and cannot meet all orders in 2027 and 2028. The company forecasts strong fourth-quarter sales and plans a 30% capacity increase in 2027. Demand for chips remains strong, with China expected to account for 20% of its revenue this year.
- ASML warns of supply shortages and cannot meet all orders in 2027 and 2028 with current capacity.
- ASML forecasts fourth-quarter sales between €14.2 billion and €15.2 billion.
- ASML plans to increase capacity by 30% in 2027 for its low NA extreme ultraviolet lithography machine.
- Gordon Kerr said demand for chips remains strong.
- China is expected to account for about 20% of ASML’s total revenue this year.
Outlets: Business Recorder, Business Standard, Free Malaysia Today, Handelsblatt, NU.nl, Semafor, The Irish Times
Written by AI from the outlets' reporting and checked automatically; it can contain mistakes. How Daily Brief works · Privacy