ASML’s Record Orders Smash Estimates as AI Spurs Demand
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Bookings in the fourth quarter were a record €13.2 billion ($15.8 billion), driven by demand for its most sophisticated equipment, the Veldhoven, Netherlands-based company said in a statement on Wednesday. ASML is the only producer of cutting-edge lithography machines that are needed to make advanced semiconductors, and counts all the leading chip manufacturers as customers, including Taiwan Semiconductor Manufacturing Corp. and Intel Corp. Its machinery is integral to producing the Nvidia Corp. AI accelerators that are the backbone for training and running AI models in data centers.
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Bookings in the fourth quarter were a record €13.2 billion ($15.8 billion), driven by demand for its most sophisticated equipment, the Veldhoven, Netherlands-based company said in a statement on Wednesday. ASML is the only producer of cutting-edge lithography machines that are needed to make advanced semiconductors, and counts all the leading chip manufacturers as customers, including Taiwan Semiconductor Manufacturing Corp. and Intel Corp. Its machinery is integral to producing the Nvidia Corp. AI accelerators that are the backbone for training and running AI models in data centers.