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ASML Sees 2021 Sales Up 30% as Chip Shortage Boosts Demand

  • Chip-equipment maker supplies semiconductor firms like TSMC
  • Company dominates global supply of cutting-edge chip machines
ASML props

Photographer: Paul Raats/ASML Holding NV

Updated on

ASML Holding NV sharpened its full-year guidance as demand for its chip-making equipment soared during the global semiconductor shortage.

The Dutch company, a crucial supplier to Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co., said it now expects 2021 revenue growth of about 30% from a year ago, compared to a previous target of “double-digit” growth. It also said it expects the full-year gross margin to be between 51% and 52%.