TSMC Delays $410 Million ASML Machines Until 2029 to Cut Costs
TSMC will postpone using ASML’s most advanced high-NA EUV lithography machines until 2029 to cut costs. A13 chips entering production and new Arizona packaging plant also announced.
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ASML Crushes Q1 2026 Earnings and Raises Full-Year Outlook
ASML beats Q1, boosts outlook as AI drives chip demand; sales strong, profits high, and growth expected to continue.
ASML Cuts 1,700 Jobs Despite Record AI-Driven Orders and Growth
ASML announces 1,700 job cuts to streamline operations while reporting record €13.2B Q4 bookings driven by AI chip demand. Sales expected to grow to €34-39B in 2026.
TSMC's $56 Billion Bet: Chip Giant Goes All-In on AI Future
TSMC announces massive $56B spending plan for 2026, signaling confidence in AI boom. Strong earnings and expansion plans boost tech sector optimism.
Wall Street Turns Bullish on ASML, TSMC, and Arista Networks
Major investment banks upgrade ASML, TSMC, and Arista Networks, citing AI growth, a coming memory chip super cycle, and stronger enterprise spending through 2026 and 2027.
ASML Rises as Analysts Lift Targets and Name It Top Pick
ASML shares rise after Morgan Stanley names it a "Top Pick" and lifts its price target to €1,000, citing strong demand for EUV tools and solid margins. UBS also reiterates its Buy rating.