ASML CEO optimistic about chip demand despite AI advancements from DeepSeek
fool.com — February 5, 2025, 01:01 PM UTC
DeepSeek recently trained its AI model for $5.6 million, raising concerns about reduced demand for chips. However, ASML's CEO, Christophe Fouquet, remains optimistic, stating that improved AI models will actually increase chip demand. ASML, a key player in chip manufacturing, reported net bookings of 7.09 billion euros, surpassing analyst expectations. Fouquet believes that as AI becomes cheaper and more accessible, it will drive the need for more computing infrastructure. Despite a recent drop in stock price, ASML projects revenue growth of 15% for 2025. The company maintains a strong market position, with long-term revenue forecasts indicating continued growth through 2030.