- ASML CEO Christophe Fouquet says the rise of AI chips will drive demand for the company’s advanced tools.
- Fouquet forecasts 9% annual growth in the global chip market, with AI and memory chips making up 40% by 2030. ASML expects 8-14% sales growth through 2030.
What happened
ASML CEO Christophe Fouquet said on Thursday that the rise in AI computer chips would greatly benefit the company. The growing demand for advanced logic and memory chips, he explained, would boost sales of ASML’s leading-edge tools. At the company’s investor day in Veldhoven, Netherlands, Fouquet forecast that the global chip market would expand by 9% annually through 2025, reaching 1 trillion dollars by 2030. “We are still very, very bullish on 2030,” he said.
Fouquet also noted that AI and memory chips would make up 40% of the total chip market in the coming years. Reflecting this optimism, ASML expects its own sales to grow by 8-14% annually through 2030, driven by the ongoing boom in AI-driven semiconductors.
Also read: ASML shines bright in Q2 with bookings rise on AI demand
Also read: ASML Q2 results show massive new orders for chips
Why it is important
The rise of AI computer chips is vital for ASML, as it directly boosts demand for its advanced lithography tools. These tools are essential for producing the most complex semiconductor chips, including those used in AI applications. As AI technology advances, the need for more powerful, efficient chips increases, prompting manufacturers to invest in high-end equipment like ASML’s.
The global chip market is expected to grow 9% annually, with AI-driven chips making up 40% of the market by 2030. ASML stands to benefit significantly from this trend. The company’s forecasted sales growth of 8-14% annually reflects the vast opportunity in the semiconductor sector. As AI continues to transform industries, ASML’s role in producing next-generation chips becomes more crucial. This positions the company for long-term success in a rapidly changing market, highlighting the strategic importance of AI-driven innovation for ASML’s future growth.
