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AMSTERDAM: ASML Holding NV, a major supplier to semiconductor makers, won’t change much its forecast for 2030 if Chinese chip makers can’t expand capacity beyond current levels, CEO Peter Wennink said. told investors on Friday.

ASML accounted for about 16% of sales in China in 2021, but cutting-edge tools are considered “dual-use” technology with military applications, so they won’t get permission to sell there. Is not …

“I don’t think the geopolitical situation is like that, but if China, for example, is completely excluded from any growth, the demand is there,” Wennink said at a meeting with investors. Fabs (manufacturing plants) can have temporary hiccups, but eventually they have to make those chips.”

“Therefore, the situation in 2030 will not change much.”

ASML said Thursday that it has revised its long-term forecasts for 2025 and 2030 upwards, expecting demand for its products to rise over the next decade.

It is expected to grow from €18.6 billion in 2021 to €44-60 billion in 2030. ASML CEO: 2030 growth target unchanged if China excluded

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