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Technology Stocks : ASML Holding NV
ASML 1,072+0.6%3:59 PM EST
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From: BeenRetired8/8/2024 11:01:59 AM
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KLIC 2Q24 CC: Gartner "17% semiconductor revenue industry growth...seems very reasonable"

In closing, after nearly 2 years of capacity digestion, we are pleased to continue seeing gradual signs of broader-based cyclical recovery across multiple end markets. Gartner recently projected a 17% semiconductor revenue industry growth rate through calendar year 2025. This growth expectation seems very reasonable considering ongoing global front end investments, and is expected to be led primarily by AI, automotive and general semiconductor, which we expect will directly benefit the company and its investors. Global utilization rates which are moving to the high 70% range, also increases confidence for a more robust 2025 recovery.
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