ASML CEO says AI boom benefits the company


FILE PHOTO: Newly appointed President and CEO of Dutch chip machine maker ASML Christophe Fouquet poses for a picture in Veldhoven, Netherlands January 24, 2024. REUTERS/Piroschka van de Wouw/File Photo

AMSTERDAM (Reuters) - ASML CEO Christoph Fouquet said on Thursday the ongoing boom in AI computer chips would help ASML by increasing the relative share of advanced logic and memory chips being made, leading to more sales of the company's best tools.

At the company's investor day in Veldhoven, Netherlands, Fouquet said the company expected the chip market to grow 9% annually through 2025, passing the $1 trillion mark around 2030.

"When it comes to 2030, we are still very, very bullish," he said.

AI and related memory chips will grow to make up around 40% of the total, he said. Earlier on Thursday, the company said it expected its own sales to increase by about 8-14% annually through 2030.

(Reporting by Toby Sterling; Editing by Mark Potter)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

US regulator looks to put Google under federal supervision, Washington Post says
Fibre optic cables should be considered 'critical infrastructure' in Africa, Google says
EU fines Meta 797 million euros over abusive practices benefiting Facebook Marketplace
Spain's La Vanguardia joins the Guardian in leaving X, citing 'toxic content'
Analysis-Crypto industry pushes for policy sea change after Trump victory
EU says Booking must comply with Digital Markets Act
Samsung Electronics says it reaches preliminary wage deal with union
Trump’s victory could ease regulatory path for Musk’s robotaxi, but hurdles remain
Siemens to cut up to 5,000 jobs in automation business after downturn
Workers stage walkout at US maker of Fallout video game

Others Also Read