STMicroelectronics and Infineon were both up more than 6 per cent while futures for the tech-heavy Nasdaq 100 rose 0.8 per cent. <\/p>\n
Fouquet said that customers had \u201ca strong belief that the AI demand is real\u201d and were starting to prepare for that with \u201ca major addition of capacity\u201d in the short term.<\/p>\n
\u201cThis will start in 2026 and will last beyond that,\u201d Fouquet added, driving a \u201chuge appetite\u201d for its latest technology. <\/p>\n
It will include supplying equipment used in the manufacture of logic chips, such as Nvidia\u2019s graphics processing units, which are made by Taiwan Semiconductor Manufacturing Company, as well as storage and memory chips. The latter are produced by companies including Micron, SK Hynix and Samsung.<\/p>\n
ASML\u2019s sales forecast implies revenue growth of as much as 19 per cent this year. That is well ahead of analysts\u2019 forecasts of about 8 per cent to \u20ac35.3bn, according to consensus estimates from S&P Capital IQ.<\/p>\n
Net bookings, a closely watched measure of orders, more than doubled in the fourth quarter to \u20ac13.2bn from the previous three-month period. That was almost twice the \u20ac6.9bn forecast by analysts. <\/p>\n
ASML\u2019s shares were boosted earlier this month after TSMC, one of its largest customers, said that it planned to sharply increase<\/a> its chipmaking capacity in response to the AI surge. <\/p>\n TSMC\u2019s chief financial officer Wendell Huang said it would be investing \u201csignificantly more\u201d over the next three years than the $101bn in capital investment between 2023 and 2025.<\/p>\n Jensen Huang, chief executive of AI chipmaker Nvidia, told attendees at the World Economic Forum last week that the AI boom had \u201cstarted the largest infrastructure build-out in human history\u201d.<\/p>\n \u201cWe are a few hundred billion dollars into it,\u201d he said in Davos. \u201cThere are trillions of dollars of infrastructure that need to be built out.\u201d <\/p>\n Recommended<\/p>\n
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