ASML has forecast bumper sales of its chip manufacturing equipment this year on the back of the AI boom, building on a blockbuster fourth quarter and sparking a rally across the tech sector on Wednesday.
The Dutch group’s stranglehold on the market for the lithography equipment needed to produce cutting-edge chips has made it Europe’s most valuable company and a big winner from the surge in AI investment.
Chief executive Christophe Fouquet said the group expected a “significant increase” in sales of its Extreme Ultraviolet machines this year, after fourth-quarter orders smashed analysts’ expectations.
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