ASML Announces Capacity Expansion Amid Rising AI Chip Demand
ASML raised its sales forecasts for 2026 and announced a two-year plan to increase production capacity by 30% each year, addressing concerns over bottlenecks in the manufacturing of advanced AI chips. The company's strong second-quarter earnings pushed shares up nearly 4%, signaling optimism about sustained demand from customers like TSMC.
Topics: AI chips ASML capacity expansion lithography tools semiconductor industry