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ASML increases sales forecast amid chip demand
Dutch company ASM International has raised its sales forecast for 2026 for the second time, reflecting renewed confidence in the growing demand for AI chips. The company now expects annual sales between 43 and 45 billion euros, up from previous estimates of 36 to 40 billion euros, with gross profit margins increasing to 54-56% from an earlier projection of 51-53%. This upward revision is driven by sustained strong customer demand to enhance production capabilities, along with the company's plan to increase its UV lithography equipment manufacturing capacity by 30%.
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