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Market Chatter: ASML CEO Says Global Semiconductor Market to Remain 'Tense' With Tight Supply for Foreseeable Future

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ASML (ASML) Chief Executive Officer Christophe Fouquet said that the global semiconductor market will remain "tense" with tight supply for the foreseeable future as demand from artificial intelligence, satellites and robots outpaces industry production, Reuters reported Wednesday.

Fouquet further said that there would likely be sporadic bottlenecks throughout the supply chain of the chip market, which is expected to hit $1.5 trillion by 2030, according to the report.

Fouquet added that Elon Musk's proposed "TeraFab" AI plan and Starlink satellites could drive a new leg of demand, Reuters said.

An ASML spokesperson could not be immediately contacted by.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $1516.39, Change: $+56.95, Percent Change: +3.90%

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