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ASM sales outlook stronger than market expectations, AI boom driving demand rise
On February 26, ASML, a Dutch semiconductor equipment manufacturer, gave a revenue outlook for the first quarter that exceeded market expectations, with the demand for its products boosted by artificial intelligence (AI) fever. The company, based in Almere, the Netherlands, said in a statement on Tuesday that it expects first-quarter revenue to be between 8.1 billion euros (8.49 billion US dollars) and 8.5 billion euros, with further rise in second-quarter revenue. Analysts' average estimate is 8.002 billion euros.