ASML Believes Global Semiconductor Markets Will Reach $1 Trillion Valuation By 2023, Driven By Huge AI Demand

ASML, the Dutch chip equipment manufacturer, reportedly believes that global semiconductor sales will rise to $1 trillion by 2030, citing the AI hype.

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The semiconductor industry, out of all the segments associated with the AI frenzy, has capitalized on the trend massively. Modern-day chips hold a crucial role in the development of AI accelerators and servers, which is why companies like NVIDIA have placed massive orders with TSMC and other chip manufacturers. Not just the general industry but ASML believes that the firm is expected to generate around $46 billion in equipment sales by 2030, associating this optimistic figure with the demand generated from the AI sector.

We expect that our ability to scale EUV technology into the next decade and extend our versatile holistic lithography portfolio, positions ASML well to contribute to, and leverage the Artificial Intelligence (AI) opportunity, and allows ASML to deliver significant revenue and profitability growth.

– President and CEO Christophe Fouquet

ASML is the leading chip equipment provider worldwide, aiding firms like TSMC and Samsung Foundry in developing semiconductors that are then integrated into AI hardware by NVIDIA and AMD. It won’t be wrong to say that ASML is the powerhouse behind the technology, showing the company’s significance in the ongoing time. The Dutch firm’s latest High-NA EUV equipment, which is said to be the “holy grail” of the chip markets, is said to cost up to…