ASML Sets Record with Tripled Orders for High-End Chip Machines

ASML Holding NV's shares hit a record high after its orders more than tripled last quarter to €9.19 billion, driven by demand for its most sophisticated chip-making machines, signaling a resurgence in the semiconductor industry. The company's strong performance reflects optimism among major customers like Intel, Samsung, and TSMC, with CEO Peter Wennink citing artificial intelligence as a key driver for future business. While ASML's success points to a broader chip sector recovery, some parts of the industry, such as sales for industrial and automotive chips, remain weak. Additionally, ASML's sales in China surged in 2023, but the company expects up to 15% of its China sales to be affected by new export control measures imposed by the US.