ASML launches 12 billion euro buy-back, upgrades 2025 forecast
- ASML, which has more orders for its equipment than it can currently supply, said it is moving ahead with plans to expand capacity
- It said it expects to expand production of its flagship EUV machines to 90 annually from around 60 at present, by 2026
ASML Holding, a key supplier of equipment to semiconductor manufacturers, on Thursday said it would launch a 12 billion euro (US$12.2 billion) share buy-back programme to run through 2025.
In an announcement ahead of its investors’ day on Friday, the company said it expects revenue of 30 billion to 40 billion euros by 2025, up from a previous estimate of 24 billion to 30 billion euros.
The company’s 2021 sales totalled 18.6 billion euros.
ASML, which has more orders for its equipment than it can currently supply and foresees a decade of growth, said it is moving ahead with plans to expand capacity.
“While the current macro environment creates near-term uncertainties, we expect longer-term demand and capacity showing healthy growth,” the company said in a statement.
