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AI expansion drives up profits at bullish tech giant ASML

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ASML is looking at a strong year of sales

ASML is looking at a strong year of sales

Dutch tech giant ASML, which makes cutting-edge machines to manufacture semiconductor chips, said Wednesday that rapidly expanding AI-related investments had pushed up net profits as it also hiked its sales forecast for 2026.

ASML, Europe's biggest tech firm by market value, is a critical cog in the global economy, as the semiconductors crafted with its tools power everything from smartphones to missiles.

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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