06:52 AM EST, 11/14/2024 (MT Newswires) -- ASML ( ASML ) said Thursday it expects sales in 2030 to range from 44 billion euros ($46.23 billion) to 60 billion euros, with a gross margin of about 56% to 60%.

Growing demand for AI will help boost global chip sales to over $1 trillion by 2030, ASML ( ASML ) said, representing an annual growth rate for the semiconductor market of approximately 9% between 2025 and 2030.

"The expected growth in semiconductor end-markets and increasing lithography spending on future nodes, give us confidence in strong demand for our products and services," Chief Financial Officer Roger Dassen said in a statement.

ASML ( ASML ) shares were up 3% in recent Thursday premarket activity.

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