💨 Abstract

Dutch chip equipment manufacturer ASML predicts its sales will grow from 44 billion to 60 billion euros by 2030, representing an average annual increase of 8%-14%. The growth is driven by demand for advanced tools and the potential of artificial intelligence. Despite a recent quarter's earnings miss due to order delays from Intel and Samsung, the company maintains its revenue and gross margin forecasts from 2022.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖