Technology: Europe's most valuable company ASML expects a boom that will last for years

Munich. The chip supplier ASML is preparing for long-term growth. “Some customers are showing interest in placing orders with us for 2029 and even 2030,” said CEO Christophe Fouquet on Wednesday.

Buyers are revising their forecasts for short and medium-term demand upwards, the manager said. The upswing is being driven by investments in data centers for artificial intelligence (AI).

Fouquet also warned of delivery bottlenecks. The order situation would improve quarter after quarter. With current capacities, ASML would not be able to process all orders in 2027 and 2028.

Against this background, the group is currently examining whether to expand capacities for 2028 more than planned. Previously, the plan was to produce 30 percent more.

The positive forecast should reassure investors. At the beginning of the week, the prices of chip stocks collapsed worldwide. The trigger was statements by Hock Tan, the boss of the chip company Broadcom. The entrepreneur had warned against high expectations of AI and financing problems when expanding it.