ASML Set to Report New Orders Amid AI Chip Boom
ASML, the leading equipment supplier to computer chip makers, is set to report a surge in new orders, driven by rising demand for AI chips. The company's new CEO, Christophe Fouquet, will oversee the results amid ongoing tensions in the U.S.-China chip sector. Analysts expect ASML to upgrade its guidance.
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ASML, the top equipment supplier to computer chip makers, is expected to report a significant influx of new orders as its customers expand capacity to meet the surging demand for AI chips. The new CEO, Christophe Fouquet, will deliver the second-quarter results on Wednesday amid heightened attention from analysts and policymakers.
Another point of focus will be Chinese firms' continued heavy purchasing of equipment used to manufacture older generations of chips, particularly those for electric cars. Western policymakers have restricted the purchase of advanced technology, which adds to the complexity of the ongoing U.S.-China chip trade tensions.
ASML dominates the lithography systems market, offering the only extreme ultraviolet (EUV) technology essential for creating the most advanced computer chips. Analysts predict that the company's strong orders, mainly driven by key clients like TSMC, will significantly surpass consensus estimates, indicating robust growth potential.
(With inputs from agencies.)