AI boom boosts ASML's profits and raises annual outlook
Dutch company ASML has raised its annual sales forecast to between 43 billion euros and 45 billion euros, after quarterly results exceeded expectations, supported by strong global demand for artificial intelligence chip technologies. The company expects to increase its production capacity by 30% by 2026 to meet the demand, despite potential pressures from American export restrictions on the Chinese market. The results indicate strong performance with forecasts of increasing demand from manufacturing companies worldwide.
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