The company posted orders well above analysts’ expectations for the fourth quarter as chip makers scrambled to get their hands on machinery to produce increasingly sophisticated semiconductors.

Computer chip equipment maker ASML's CEO on Wednesday made the case that the advent of efficient AI models such as one China's DeepSeek has launched is a net positive for chip markets. Christophe Fouquet said that perceptions of AI spending are skewed by the massive investments being made by "hyperscalers" - companies such as Google,

By Nathan Vifflin and Toby Sterling EINDHOVEN, Netherlands (Reuters) -Top computer chip equipment maker ASML reported fourth-quarter bookings of 7.09 billion euros ($7.39 billion) on Wednesday that far exceeded expectations,

The company posted fourth-quarter orders well above analysts’ expectations as chip makers scrambled for machinery to produce increasingly sophisticated semiconductors.

The low-cost techniques used by the Chinese company to create a breakthrough new AI model suggested that big advances could be made without the need for the vast investment in chips and computing power that US rivals such as OpenAI,