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ASML Projects Revenue Doubling by 2030 Amid AI Demand

ASML Holdings, the Netherlands’ largest publicly traded company, remains optimistic about doubling its revenue to €60 billion by 2030, despite recent challenges. During its investor day, the chipmaker highlighted artificial intelligence (AI) as a key growth driver, with expectations of over 100 new chip factories worldwide by 2027, predominantly in Asia. Although ASML anticipates declines in markets like smartphones and laptops, the booming demand for powerful chips to support AI applications is expected to offset losses. The company also showcased new shipping methods to reduce carbon emissions, having recently transported equipment by cargo ship.

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