ASML adjusts full-year sales forecast upward

ASML has raised the lower end of its 2026 sales forecast, citing increased artificial intelligence spending as a key driver of demand for its chip-making equipment. The company now expects annual sales to range between €44 billion and €45 billion this year. This adjustment reflects broader investment trends among major chipmakers such as TSMC, Samsung Electronics, and Intel. Bloomberg's Tom Mackenzie reported the update, highlighting its significance in signaling future capital expenditures by these firms. The revised forecast underscores the growing importance of AI in semiconductor demand, with ASML's equipment playing a central role in manufacturing advanced chips. The shift in sales expectations highlights the ongoing expansion of the semiconductor industry, driven by technological advancements and increased investment in AI infrastructure.