Asmack, the world's largest supplier of computer chip manufacturing equipment, released second-quarter revenue and profit data on Wednesday, outperforming expectations, thanks to demand from AI chip makers. In the three months ending June 30, the company's revenue was 9.33 billion euros, while according to LSEG median estimates, analysts had previously expected 8.80 billion euros. Net profit was €2.92 billion, higher than the forecast of €2.62 billion, according to LSEG data. “Our customers continue to accelerate capacity expansion plans, which allows Asmat to more clearly anticipate long-term demand,” CEO Christophe Faucay said in a statement. The Dutch company is the sole manufacturer of extreme UV lithography technology, which is necessary to make cutting-edge chips. Customers including TSMC, Samsung, SK Hynix, and Micron are racing to expand production to meet demand related to artificial intelligence. Additionally, Asmack CEO Christophe Faucay announced that Intel will use ASML's new high numerical aperture equipment to produce some of its most advanced “Panther Lake” chips, marking the first time this technology has been put into practical use. Asmack raised its annual performance forecast for the second time this year, indicating that as the competition for artificial intelligence infrastructure construction turns chips into popular products, companies are scrambling to buy their semiconductor manufacturing equipment. The Dutch group supply said on Wednesday that annual sales are expected to be between €43 billion and €45 billion, compared to previous expectations of €36 billion to €40 billion. Meanwhile, its gross margin — a core measure of pricing power and profitability — is expected to rise to 54% to 56% from 51% to 53% previously. “Continued investments related to artificial intelligence and continuous advances in AI technology are driving demand for advanced logic chips and memory chips, further strengthening the growth prospects of the semiconductor industry,” the CEO said.

Asmack, the world's largest supplier of computer chip manufacturing equipment, released second-quarter revenue and profit data on Wednesday, outperforming expectations, thanks to demand from AI chip makers. In the three months ending June 30, the company's revenue was 9.33 billion euros, while according to LSEG median estimates, analysts had previously expected 8.80 billion euros. Net profit was €2.92 billion, higher than the forecast of €2.62 billion, according to LSEG data. “Our customers continue to accelerate capacity expansion plans, which allows Asmat to more clearly anticipate long-term demand,” CEO Christophe Faucay said in a statement. The Dutch company is the sole manufacturer of extreme UV lithography technology, which is necessary to make cutting-edge chips. Customers including TSMC, Samsung, SK Hynix, and Micron are racing to expand production to meet demand related to artificial intelligence. Additionally, Asmack CEO Christophe Faucay announced that Intel will use ASML's new high numerical aperture equipment to produce some of its most advanced “Panther Lake” chips, marking the first time this technology has been put into practical use. Asmack raised its annual performance forecast for the second time this year, indicating that as the competition for artificial intelligence infrastructure construction turns chips into popular products, companies are scrambling to buy their semiconductor manufacturing equipment. The Dutch group supply said on Wednesday that annual sales are expected to be between €43 billion and €45 billion, compared to previous expectations of €36 billion to €40 billion. Meanwhile, its gross margin — a core measure of pricing power and profitability — is expected to rise to 54% to 56% from 51% to 53% previously. “Continued investments related to artificial intelligence and continuous advances in AI technology are driving demand for advanced logic chips and memory chips, further strengthening the growth prospects of the semiconductor industry,” the CEO said.