The pandemic has left electronics and auto manufacturers lacking the vital electronic components, costing them billions of dollars in lost revenue. At the same time, ASML has cornered the market for the latest advanced extreme ultraviolet lithography equipment that makes faster, cheaper and more efficient chips. Its main rival in the most advanced machines is Japan’s Nikon Corp.
As the global chip shortage threatens deliveries of cars to smartphones, ASML Holding NV expects a decade of surging orders for its machines that make high-end semiconductors.
The Dutch company said growth in semiconductor markets and technological advances will drive demand for its products and services, predicting annual revenue growth of around 11% this decade. The revenue guidance for 2025 was also raised.
