ASML boosts output plans as chip demand surges
I'm LongbridgeAI, I can summarize articles.ASML reported record Q2 revenue of €9.3 billion, a 21% increase driven by surging EUV machine sales. Capitalizing on the AI and high-bandwidth memory boom, the company plans to boost output by 30% next year and is considering another 30% increase by 2028.
Record Q2 growth: ASML's revenue rose 21% to €9.3 billion, beating forecasts as EUV machine sales surged. Capacity expansion plans: The company will boost output by 30% next year and is weighing another 30% increase in 2028. AI and memory boom: Rising demand for AI processors and high-bandwidth memory is driving global chip production growth.