AI demand to exceed supply for 2 more years, says ASML

ASML, Europe’s most valuable company, reports that the demand for its advanced semiconductor manufacturing equipment will continue to outstrip supply for at least the next two years. The company highlighted that its key clients, including TSMC and Intel, are experiencing exceptionally strong demand. This forecast underscores the ongoing and escalating global reliance on AI and advanced computing technologies, which is driving a significant investment in semiconductor manufacturing capabilities. The supply constraints could impact the broader tech industry's ability to keep pace with this growing demand.