ASML (ASML NA) executive says recent announcements by AI/chip names will have a positive impact on the Co., references SK Hynix (000660 KS) and Micron (MU), among others

• Announced reorganisation (i.e. job reductions) will be mostly focused on Development & Engineering (D&E), which will have an impact, and should see a benefit from this. Impact will go beyond D&E.
• Will be an increase in unit capacity this year, stemming from the ongoing gradual increase in the 'move rate' (i.e. quarterly shipment pace).
• Very strong China sales in 2025 did surprise them a bit, the pullback expected in 2026 is more a normalisation, rather than it "falling off a cliff".
• Will continue to hire.
• Somewhat concerned about energy costs.
• Will be a busy 2026; an important factor will be when customer fabs are ready.

ASML's executive comments indicate a favorable outlook driven by positive developments in AI and semiconductor sectors, with anticipated increases in unit capacity and strong Chinese sales into 2025. The restructuring focused on Development & Engineering reflects strategic adjustments rather than distress, suggesting confidence in future demand and operational efficiency. Given the interdependencies in the semiconductor supply chain, ASML's prospects could materially benefit from the successes of peers like Micron and SK Hynix.