AMSTERDAM, July 16 Reuters ASML, the top equipment supplier to computer chip makers, is expected to report an influx of new orders when its new boss delivers secondquarter results on Wednesday, as customers expand capacity to meet booming demand for AI chips.
Another focus will be whether Chinese firms have continued heavy purchasing of equipment used to make older generations of chips such as those used in electric cars, a concern for Western policymakers who have curbed buying of more advanced technology.
Analysts say the company may upgrade guidance as key makers of cuttingedge chips including Taiwan39;s TSMC, which manufactures chips for Nvidia and Apple, and reports earnings on Thursday may increase and accelerate equipment purchases.
ASML dominates the market for lithography systems, complex tools that use lasers to help create the tiny circuitry of computer chips. It is the only maker of lithography systems using extreme ultraviolet EUV wavelengths, needed by TSMC to make the most complex chips for smart phones and AI chips.
We expect ASML39;s order received value to reach close to 5 billion euros in the second quarter, higher than consensus estimates, Mihuzo analyst Kevin Wang said, with strong orders from TSMC of ASML39;s EUV product line.
The results are the first under ASML39;s new CEO Christophe Fouquet, who took over the reins at Europe39;s biggest tech firm as it navigates the ongoing U.S.China fight over chips.
ASML, worth about 400 billion euros…