On July 15, influenced by the boom in artificial intelligence investment, demand for chip manufacturing equipment continued to surge, prompting ASML (ASML.O) to raise its full-year sales forecast for the second time this year. The company announced on Wednesday that it expects net sales for the year to reach between €43 billion and €45 billion, a significant increase from the €36 billion to €40 billion forecast in April. As tech giants like Microsoft and Alphabet invest hundreds of billions of dollars in building advanced AI infrastructure, chipmakers are accelerating capacity expansion. Meeting market demand has become a key challenge for ASML CEO Peter Wennink. ASML previously revealed plans to produce at least 60 low-numerical-aperture extreme ultraviolet (EUV) lithography machines this year and expects to have the capacity to manufacture at least 80 such machines annually by 2027. Additionally, ASML is continuously expanding its production capacity, with a new campus in Eindhoven, the Netherlands, set to begin construction this quarter and ultimately accommodate approximately 20,000 employees.
