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ASML lifts outlook and plans expansion
ASML, the largest supplier of semiconductor manufacturing equipment, has raised its sales outlook for 2026 after posting record sales in the third quarter, driven by increased demand fueled by investments in artificial intelligence. The company expects its annual sales to range between 44 and 45 billion euros, with a gross margin of around 56%. The forecasts indicate that demand for the equipment will continue to rise, and the company is considering expanding its production capacity for 2028 beyond its previous plans of a 30% increase. Additionally, the company has stated its opposition to a proposed U.S. measure that restricts sales to China, considering it a bad idea.
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