ASML Reports Strong Fourth-Quarter Bookings, Driven by AI Chip Demand
Eindhoven, NETHERLANDS, February 16, 2023 - ASML Holding N.V. (ASML), the world's leading supplier of chipmaking equipment, has announced exceptional fourth-quarter bookings of €7.088 billion ($7.39 billion), significantly exceeding analysts' expectations.
This surge in bookings is primarily attributed to the robust demand for ASML's advanced tools, which are essential for manufacturing chips used in artificial intelligence (AI) applications. Analysts had anticipated bookings of €3.99 billion, a substantial increase from €2.63 billion in the third quarter of 2024.
The robust bookings provide reassurance to ASML and investors in the chip industry that investment in AI chips remains robust, despite recent market volatility caused by the release of a Chinese AI model that consumed less computing power than competitors.
"The rise of artificial intelligence is the primary catalyst for growth in our industry," stated CEO Christophe Fouquet.