ASML CEO Claims Chip Shortage Has Firms Harvesting Washing Machines For Semiconductors
The Dutch multinational corportaion is the world’s largest developer and manufacturer of photolithography systems, which are essential to the production of modern computer chips. ASML’s CEO, Peter Wennink, fielded a question during the earnings call regarding his market forecast through 2025. Wennink answered by spelling out just how high and wide-spread demand is for computer chips right now. “Technology-wise, market-wise, geography-wise, it's so widespread that we have significantly underestimated, let's say, the width of the demand … I don't think is going to go away.”
Wennink stated that demand could decrease by 25% and still be above ASML’s maximum capacity. “I'm just looking at the data points and the data points just point into a market that is significantly short of semiconductor manufacturing capacity this year and next year … currently, we see no signs of any weakening in our customer base, zero. And even if the demand weakens, there's a big gap between the demand and our capacity.”
You can find the full transcript of the earnings call here.