ASML Projects Revenue Surge to $63 Billion by 2030, Eyes AI and Chip Market Boom

ASML Holding NV ASML shared its strategic roadmap during the 2024 Investor Day, highlighting key growth drivers and market expectations through the decade’s end.

The semiconductor equipment maker projected significant revenue expansion, with scenarios estimating annual sales of $46.51 billion – $63.43 billion (44 billion euros – 60 billion euros) by 2030, alongside a gross margin target of 56%-60%.

CEO Christophe Fouquet sees the company’s extended lithography portfolio and scalable EUV (Extreme Ultraviolet) technology as crucial assets in capturing the potential of these emerging opportunities.

Also Read: Taiwan Semi Boosts Advanced Chipmaking with Record EUV Expansion, Grabs 56% Global Share

ASML expects robust demand from the semiconductor sector, with projected global sales surpassing $1 trillion by 2030.

This outlook translates to an annual market growth rate of around 9% from 2025 to 2030. The firm anticipates a double-digit CAGR for EUV lithography spending within the same period, focusing on advanced Logic and DRAM nodes.

According to ASML, the integration of AI across industries presents a substantial opportunity for semiconductor firms. The company plans to leverage its EUV capabilities to accommodate the rising need for high-performance chips used in AI applications.

The scalability of EUV technology allows for efficient multi-patterning, which ASML expects will drive greater customer adoption through cost-effective manufacturing processes.

ASML’s CFO, Roger Dassen, highlighted the company’s confidence in its financial targets, citing a strong pipeline of product demand and increasing lithography spending.

He restated the company’s capital allocation strategy, which includes substantial returns to shareholders through dividends and share buybacks.

The company is navigating geopolitical tensions between Washington and China as a U.S. ally.

ASML CEO Christophe Fouquet acknowledges rising U.S. pressure to restrict chip technology sales to China. Despite this, China remains ASML’s top market, primarily for sales of mature chips rather than the advanced AI semiconductors targeted by U.S. export restrictions.

ASML dominates the market for specialized lithography machines, essential for companies like Taiwan Semiconductor Manufacturing Co TSM in producing cutting-edge chips used in Apple Inc AAPL smartphones and Nvidia Corp NVDA AI processors.

Reports suggest that Taiwan Semiconductor plans to purchase advanced ASML lithography equipment by the end of the year, with each unit priced at $350 million.

Price Actions: ASML stock traded higher by 5.09% at $707.67 at the last check on Thursday.

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Photo via ASML