ASML Sticks to Long-Term Growth Targets Amid AI Frenzy

ASML Holding reaffirms its 2030 sales and margin targets, expecting increased demand for artificial intelligence to drive orders for semiconductor-making equipment. The company forecasts sales of 44-60 billion euros in 2030, with a gross margin of 56-60%. ASML supplies machinery to chip makers such as Taiwan Semiconductor Manufacturing Co. and Samsung Electronics, who are under pressure to produce more advanced chips. The company's confidence in the long-term outlook for the chip industry is driven by the belief that AI presents a significant opportunity, potentially pushing global semiconductor sales to over $1 trillion by the end of the decade.