ASML reports large rise in bookings on demand for advanced chipmaking tools

ASML, the biggest supplier of computer chip-making equipment, on Wednesday reported much better than expected fourth-quarter bookings of 7.088 billion euros ($7.39 billion), on strong demand for its most advanced tools, which are used to make chips used in artificial intelligence.

Analysts had seen bookings at 3.99 billion euros, according to polling by Visible Alpha, rising from 2.63 billion euros in the third quarter of 2024.

The large influx may comfort ASML and other chip stock investors that investment in chips needed for AI remains healthy, despite a selloff this week prompted by the release of an AI model by Chinese firm DeepSeek that used less computing power than rivals.


"The growth in artificial intelligence is the key driver for growth in our industry," said CEO Christophe Fouquet in a statement.