Chip toolmaker ASML expected to shine light on capacity and China challenges

ASML, the biggest supplier of equipment used to manufacture AI chips, reports quarterly earnings on Wednesday ​looking to justify its chunky valuation and demonstrate ​how it will contend with U.S. moves to block exports to China.

The Netherlands-based business is Europe’s most ​valuable listed company with a market capitalisation of €610 billion ($696 billion) after the AI boom helped to lift its share price by nearly 70% this year as memory chip makers such as SK Hynix, Samsung and Micron rush to add capacity.