ASML (ASML Holding NV) has raised its long-term outlook following a surge in demand for the semiconductors its machines help make. The Dutch company makes the lithography equipment used to produce the world’s most advanced chips. In a statement on its investor day, the company said it now expects annual revenue to hit $28 to $35 billion by 2025, with gross margins up to between 54% and 56%. It expects to achieve an annual revenue growth rate of around 11% between 2020 and 2030. Demand for chips has soared worldwide in the last year after the pandemic led to a chip crunch that has wreaked havoc on the automotive industry.
