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
Importance
Level 1
- 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.
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