- ASML reported second-quarter earnings and sales that beat forecasts, as interest in artificial intelligence chips drives up demand for the Dutch firm’s critical semiconductor making equipment.
- ASML’s net bookings, or orders for its machinery, totaled 5.6 billion euros in the June quarter, rising more than 24% year-on-year. This is a key metric watched by the market.
- “We currently see strong developments in AI, driving most of the industry recovery and growth, ahead of other market segments,” ASML CEO Christophe Fouquet said in a statement.
