ASM International Sees Strong Q4 and Early Goal Hit
ASM International expects fourth-quarter revenue to beat forecasts and reach its 2030 sales target three years early. The chip equipment maker cites surging artificial intelligence investments as the primary growth driver.
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ASM International NV forecast fourth-quarter revenue of 1.23 billion euros ($1.37 billion), exceeding analyst estimates by 50 million euros on strong artificial intelligence demand. The Netherlands-based equipment maker said it will hit its 2030 sales target three years early. The robust guidance underscores how artificial intelligence infrastructure spending continues to drive semiconductor equipment orders despite high market expectations.
