ASML sees growth continuing through 2030 on AI demand

AMSTERDAM: Europe’s largest tech firm, computer chip equipment maker ASML, said on Thursday it expects sales to grow by 8% to 14% over the coming five years, as a boom in AI fuels strong demand for its most advanced tools.

The guidance, which analysts said was reassuring, came in a statement ahead of the company’s investor day at Veldhoven in the Netherlands, when it will face questions on prospects for sales to China after Donald Trump was elected as U.S. president.