Chip Machine Manufacturer ASML Expects Strong Growth in the Coming Years

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The Dutch chip machine manufacturer ASML expects to grow strongly in the coming years due to the high demand for computer chips and machines to make them. ASML reported this in the run-up to its investor day, at which shareholders and investors are informed about the strategy.

 

Due to global semiconductor shortages, significant chipmakers are making considerable investments in capacity expansion, benefiting ASML.

The company from Veldhoven thinks that the annual turnover in 2025 could be between 24 billion and 30 billion euros. In 2020, ASML recorded a turnover of 14 billion euros. For the period from 2020 to 2030, the company expects sales to grow by about 11 percent annually. The group is working with supply partners to improve and increase capacity to meet future demand.

ASML, for example, receives many orders for its state-of-the-art EUV machines. With those highly specialized machines, much smaller and more powerful semiconductors can be made. The devices cost more than 100 million euros each and are the size of a bus. ASML also provides less advanced machines for processors and memory chips and supports software updates to make existing machines more efficient.

ASML also writes in the press release that it wants to continue to pay out a lot of money to shareholders in the coming years by increasing the dividend and buying back its own shares. ASML is currently working on a EUR 9 billion share buyback program that will run until the end of 2023.

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