Lithography systems, that are enormous devices used to map out its circuitry of semiconductors, are dominated by ASML. ASML, a significant equipment provider to companies that make computer chips, announced on Thursday that it will begin a EUR 12 billion (about Rs 98,380 crore) share repurchase programme that would last until 2025.

The company said in a statement released ahead of the an investors’ day is on Friday that it now anticipates sales of between EUR 30 billion and EUR 40 billion (about Rs 2,45,600 crore to Rs 3,27,550 crore) in 2025, up from an earlier forecast of between EUR 24 billion and EUR 30 billion. Sales for the business in 2021 totaled EUR 18.6 billions (nearly Rs. 1,52,460 crore).

ASML said it is pushing through with plans to increase capacity because there are more orders by its products than it can now fill and because it anticipates a decade of growth.

The company stated in a statement that while the present economic climate “creates near-term concerns,” it expects longer-term demand or capacity to demonstrate “strong growth.”

The announcement caused shares to soar, and they ended the day 9.7 percent greater at EUR 544.20 (about Rs. 44,600) on Amsterdam.

The company stated that it anticipates sales to increase, with a target to EUR 44 billion to EUR 60 billion (about Rs. 3,60,500 crore to Rs. 4,91,700 crore) in sales by 2030.

Lithography systems, that are enormous devices used to map out its circuitry of semiconductors, are dominated by ASML.

By 2026, output from its flagship EUV machines, that cost roughly EUR 200 million (almost Rs. 1,600 crore) each, is expected to increase from 60 to 90 units annually.

Major ASML clients include the Taiwanese company TSMC, the South Korean firms Samsung and SK Hynix, as well as the American companies Intel and Micron Technology.