ASML CEO says AI boom benefits the company

ASML CEO Christoph Fouquet said on Thursday the ongoing boom in AI computer chips would help ASML by increasing the relative share of advanced logic and memory chips being made, leading to more sales of the company’s best tools.

At the company’s investor day in Veldhoven, Netherlands, Fouquet said the company expected the chip market to grow 9% annually through 2025, passing the $1 trillion mark around 2030.