ASM Lifts 2027 Outlook as AI Buildout Fuels Demand for Its Tools

ASM International NV raised its revenue target for next year by about 24%, putting the chip-equipment maker on track to hit its 2030 goal three years early. The increase is driven by a surge in sales tied to AI investments.

• ASM raised its 2027 revenue target by about 24%
• The company expects to reach its 2030 goal three years early
• Sales growth is driven by AI infrastructure investment