ASML Has Bandwidth to Lift Capacity Expansion Targets
Dow Jones09-28 16:49
0849 GMT - ASML Holding has scope to increase its projections of how many chip-making machines it can produce in the coming years, UBS analysts write in a note to clients. The Dutch company said in July that it planned a 30% boost in the output of its deep ultraviolet and extreme ultraviolet machines in 2027 and another 30% in 2028. The analysts say ASML is likely to update those targets to above 30% to meet strong demand for artificial-intelligence chips. They also estimate ASML could guide for 2027 revenue year-on-year growth above 30%. ASML shares trade 0.6% lower at 1,513.20 euros.
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