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Dutch company ASML has reaffirmed its upward revision of annual sales forecasts, now estimating between 43 and 45 billion euros, compared to previous expectations of 36 to 40 billion euros. This increase is driven by a surge in global demand for semiconductor equipment to boost AI chip production. In the second quarter, the company reported net sales of 9.3 billion euros, surpassing the forecast of 8.8 billion euros, with net profits reaching 2.9 billion euros versus an anticipated 2.6 billion euros. The company aims to increase its production capacity for EUV and DUV technologies by 30% by 2026 to meet the rising demand, supported by growth in TSMC's sales, while also exercising caution regarding export restrictions on devices to China.
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