ASML forecasts global chip industry revenue to hit 1 trillion dollars by 2030

Semiconductor equipment manufacturer ASML anticipates that the global chip industry’s revenue will exceed 1 trillion dollars by 2030, fueled largely by demand for artificial intelligence (AI) applications. This projection, equivalent to nearly 950 billion euro, was presented ahead of ASML's investor day led by new CEO Christophe Fouquet.

AI is expected to be a transformative force across society, according to ASML, serving as a “significant driver of productivity and innovation.” The company estimates annual growth in the global chip market of around 9 percent from 2025 to 2030, driven by increasing AI integration across industries.

ASML, which specializes in advanced EUV lithography machines used in producing AI-optimized chips, projects its own 2030 revenue to fall between 44 billion euro and 60 billion euro, with gross profit margins of 56 percent to 60 percent. CFO Roger Dassen expressed confidence in ongoing demand for ASML’s technologies, citing robust market opportunities in semiconductors and lithography.

However, ASML's recent quarterly report showed disappointing order figures and revised down its 2024 revenue forecast due to slower-than-anticipated recovery in some sectors. A technical issue led to the accidental early release of these results, prompting a share price drop on the Amsterdam exchange.

ASML has also faced challenges regarding export restrictions to China, its largest market, due to U.S. trade policies. While its latest-generation machines are currently barred from sale in China, further restrictions could emerge under incoming U.S. President Donald Trump, who has previously proposed expanding such limitations.

Looking to support growth, ASML has announced plans to increase dividends and repurchase shares to reward investors.