ASM International on Tuesday forecast third-quarter revenue above market expectations, as strong demand from customers investing in artificial intelligence infrastructure continued to support orders for its chipmaking equipment.
The Dutch group expects revenue to exceed its previous 2027 target of $4.21 billion to $5.23 billion, citing strong orders, expectations for continued robust bookings, and visibility from customers.
ASM International , Europe's second-largest maker of semiconductor equipment, said on Monday it plans to nominate Chris Figee as its next chief financial officer.