Dutch semiconductor equipment manufacturer ASM International (ASMIY.US) raised its 2027 revenue target by about 24% and is expected to achieve the 2030 target three years ahead of schedule

The Zhitong Finance App learned that Dutch semiconductor equipment manufacturer ASM International (ASMIY.US) sharply raised its 2027 revenue target on Tuesday, an increase of about 24%. Driven by the boom in artificial intelligence (AI) infrastructure, the company is expected to achieve the revenue target originally set for 2030 three years ahead of schedule, highlighting the continued strong global demand for advanced chip manufacturing equipment.

ASM International said in a statement that based on a fixed exchange rate, revenue is expected to exceed 5.7 billion euros (about 6.3 billion US dollars) in 2027, which is significantly higher than the forecast of more than 4.6 billion euros made in July this year.

The company notes that next year's growth will be driven mainly by strong demand from manufacturers of memory chips and advanced logic chips. As technology companies continue to expand AI data centers, demand for related chips is growing rapidly, driving semiconductor manufacturers to expand production faster and increase investment in advanced production equipment.

ASM International mainly produces semiconductor manufacturing equipment for depositing thin films on wafer surfaces, which is a key part of the chip production process. As customers expand production capacity and seek to improve semiconductor performance and energy efficiency, the company is receiving more equipment orders.

Hichem M'Saad, CEO of the company, said: “The demand environment remains very strong. Our customers are generally facing tight production capacity and are taking quick action to increase production.”

Meanwhile, the company announced a share repurchase plan of up to 300 million euros, further boosting market confidence. Driven by favorable performance and outlook, ASM International's American Depositary Receipts (ADR) rose significantly on Tuesday. At the close, its price rose 7.89% to $836.74.

ASM International's main customers include TSM.US and Intel (INTC.US). As demand for AI chips continues to grow, both companies have accelerated their capital expenditure plans. Among them, TSMC, which manufactures OEM chips for technology giants such as Nvidia (NVDA.US) and Apple (AAPL.US), plans to invest up to 64 billion US dollars in capital expenses. Intel, on the other hand, expects to invest about 20 billion US dollars in new plant construction and equipment procurement this year.

The AI investment boom is also driving business growth for other semiconductor equipment manufacturers. Dutch lithography giant ASML.US (ASML.US) said earlier this month that the company is beginning to expand production capacity because existing production capacity cannot meet customer needs in 2027 and 2028.

However, as global chipmakers concentrate on expanding investment, the semiconductor equipment supply chain is also facing increasing pressure. ASM International warned on Tuesday that its supply chain is currently tight, but the company is working closely with suppliers and customers to speed up equipment delivery to meet growing market demand.

Judging from the latest financial results, ASM International's third-quarter revenue increased 44% year-on-year at a fixed exchange rate to 1.16 billion euros; net profit for the same period fell to 308.1 million euros. According to data compiled by Bloomberg, both revenue and net profit exceeded analysts' average expectations.

Overall, as AI data center construction continues to drive demand for advanced logic chips and memory chips, global semiconductor manufacturers are accelerating the expansion of production capacity, creating new growth opportunities for upstream equipment suppliers. ASM International drastically raised its 2027 revenue target, further reflecting that the AI investment boom continues to spread to the semiconductor equipment industry chain.