ASML Holding NV, the Dutch maker of advanced chip-making machines that are critical to global supply chains, reaffirmed its long-term revenue outlook as it bets on an artificial intelligence-driven boom in semiconductor demand.

Computer chip equipment maker ASML, facing the threat of more U.S.-led curbs on trade with China, is upbeat on sales growth over the next five years as a boom in AI fuels strong demand for the company's most advanced tools.

The confirmation of earlier guidance from the Dutch semiconductor group is aimed at boosting investor confidence following the company's disappointing order intake in the third quarter of the year. Vi

ASML Holding NV, the Dutch maker of advanced chip-making machines that are critical to the world’s supply chains, reaffirmed its bullish long-term revenue outlook as it bets on an artificial intelligence-driven boom in semiconductor demand.

Europe's largest tech firm, computer chip equipment maker ASML, said on Thursday it expected sales growth to average 8% to 14% over the coming five years, as a boom in AI fuels strong demand for its most advanced tools.