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ASML Considers M&A to Meet Strong Demand for Advanced Chipmaking

  • Chip gear maker sees no reduction to backlog on orders
  • ASML boosted by global push to build chip plants at home
Peter Wennink
Peter WenninkPhotographer: SeongJoon Cho/Bloomberg

ASML Holding NV may conduct acquisitions to meet soaring demand for advanced chips worldwide, its chief executive officer said, defying the broader sector downturn.

The Dutch chip production gear maker continues to see strong demand for the foreseeable future, as countries race to build domestic chip plants. ASML last week said it sees sales of more than doubling to as much as €40 billion ($41 billion) by 2025 and more than tripling to as much as €60 billion by 2030.